Simon Cowell has reportedly received £90m in cash for a brand new deal to keep his global franchise of Got Talent shows on TV.
The entertainment mogul, 62, appears on both Britain’s Got Talent and its US counterpart as a judge – with variations of the competition airing in over 69 different countries.
And the deal news comes just a week after Simon teased a return to the music business by saying he’s going to ‘announce something soon’, despite taking a step back from work earlier this year.
It appears his already massive fortune will continue to soar, with the alleged deal ‘taking two years to complete’ and being the ‘first of its kind’.
According to The Sun’s Simon Boyle, a large investment bank is prepared to give the hefty sum up front to the businessman.
The deal, which reportedly took two years to complete, is also thought to be the first of it’s kind and will be made with Simon’s company Syco Entertainment.
Syco Entertainment is a media entertainment company, based in both London and Los Angeles, and founded and owned by Simon. Having previously centered on music, the company currently focuses on TV production.
A source told The Sun: ‘This deal means he will continue to make a fortune from the other versions of Got Talent in countries around the globe’.
MailOnline have contacted representatives of Simon Cowell for comment.
Simon planned to begin Britain’s Got Talent back in 2005, with filming being halted after the pilot episode – leading to the creation of America’s Got Talent.
As the talent show was a smash hit stateside, production began again in the UK, with the first British season of the show airing in 2007.
Simon, who has an estimated net worth of around $600m (£529m) has been a judge on the show since its first season.
And despite a drop since 2020, Britain’s Got Talent still brought in an impressive 6.1m viewers with a peak of 7.2m during this year’s launch show.
The massive deal comes as Simon has recently hinted at a return to the music business, despite downsizing Syco earlier this year to spend more time with his family – fiancé Lauren Silverman and their son Eric, seven. (DailyMail)