This news item just goes to show that you should never underestimate how far a proven formula can take you. Simon Cowell, the celebrity judge on popular talent shows such as American Idol and X-Factor, has shrewdly negotiated an amazing deal with Sony.
From The Sun:
The talent show tycoon has wrested his company Syco from the music giant and set it up as a joint venture, which will see him getting 50 per cent of profits.
Previously the operation was wholly owned by Sony with Cowell, 50, getting millions through salary and profit share as a paid employee.