RUMOR MILL
Back to Rumor Mill >
Wednesday, January 11, 2017

SONY UPS STAKE IN SYCO FOR £86M

by

Rhian Jones

Freshly filed accounts have revealed that Sony’s six-year deal with Simon Cowell’s Syco in 2015 was worth £86m with the major company tripling its share to 75%. The length of the new deal was revealed by Cowell during his MITs acceptance speech, with numbers spotted by British tabloid Daily Mail via a January filing at Companies House.

£52.4m of that £86m was paid in 2015, with a further £33.4m due before 2021. Cowell’s share is down from 40% to 20% as a result, with Sir Philip Green also taking a 50% cut from 10% to 5%.

The TV and music firm that encompasses label Syco and the X Factor and Britain’s Got Talent franchises made £1.46m in the 39 weeks to March 2016.

TAGS: Rhian Jones
 
BACK TO RUMOR MILL
 
HITS LIST IN BLOOM
From the desert to the sea (4/15a)
Check It Out Now
ON THE COVER:
AARON BAY-SCHUCK
AND TOM CORSON
Bunny's hoppin' again. (4/15a)
Check It Out Now
DESERT HEAT:
PAUL TOLLETT
The cat in the hat is calling the shots. (4/15a)
Check It Out Now
THIS HITS PHOTO GALLERY IS WANDERING IN THE DESERT
Photographic proof of the weaselfest (4/15a)
Check It Out Now
THE COUNT: SUPERSTARS TO SURPRISE AT COACHELLA?
The latest tidbits from the vibrant live sector (4/12a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions