Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
The SpaceX mission
A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station. Slideshow
Sony to sign deal with Simon Cowell: report
British ''American Idol'' judge Simon Cowell smiles during the Concert for Diana at Wembley Stadium in London in this July 1, 2007 file photo.
Credit: Reuters/Luke MacGregor/Files
LONDON |
LONDON (Reuters) - Sony Corp's Sony Music Entertainment will announce a five-year deal with British show business entrepreneur Simon Cowell on Tuesday, the Financial Times reported.
Sony Music will exchange its 100 percent ownership of Cowell's record label Syco for a 50 percent share of a broader venture with Cowell, the paper said, citing a source close to the negotiations.
Cowell said earlier this month he was quitting as a judge on America's top-rated TV singing contest "American Idol" to launch his own singing contest next year.
Syco owns the rights to a number of Cowell's talent show discoveries, including British singers Leona Lewis and Susan Boyle.
The new venture will produce a range of music, television, film and digital content, often with other Sony divisions, the Financial Times added.
(Reporting by Tim Castle; Editing by Lincoln Feast)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters