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Simon Cowell made $42 million with Sony

"The X Factor" judges Paula Abdul, Simon Cowell and Nicole Scherzinger (L-R) pose following "The X Factor" news conference at CBS Television City in Los Angeles on December 19, 2011. UPI/Jim Ruymen

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Published: Dec. 24, 2011 at 10:54 AM

LONDON, Dec. 24 (UPI) -- Simon Cowell's venture with Sony Music brought the television impresario $42 million this year, British financial documents revealed.

The Guardian said Saturday the most-recent financial filings from Syco Entertainment showed Cowell earned nearly 27 million pounds ($42 million) in its first year.

Cowell holds 50 percent of Syco. As part of the deal he got back a stake in the television hit "The X Factor" and the "Got Talent" franchise.

The newspaper said Syco lists itself as a non-trading holding company with four entertainment subsidiaries.

Topics: Simon Cowell

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