London -- Just days after he announced he was quitting "American Idol," Simon Cowell announced a new five-year joint venture with Sony that will pool the television and music assets of global TV formats "The X Factor" and "Got Talent," as well as a musical roster including such stars as Leona Lewis, Susan Boyle and Il Divo.
The deal will see Cowell regain partial control of the assets of his production company Syco, until now 100% owned by Sony.
Under the terms of the new deal, Sony will swap its 100% ownership of Syco for a 50% share in a wider media and entertainment vehicle, which will also count British retail magnate Philip Green as a shareholder and advisor to Cowell.
The deal marks a new start for Cowell, the Pied Piper of entertainment, whose acerbic commentary, rolling eyes and merciless critiques have crushed the dreams of hundreds of eager hopefuls and won...
The deal will see Cowell regain partial control of the assets of his production company Syco, until now 100% owned by Sony.
Under the terms of the new deal, Sony will swap its 100% ownership of Syco for a 50% share in a wider media and entertainment vehicle, which will also count British retail magnate Philip Green as a shareholder and advisor to Cowell.
The deal marks a new start for Cowell, the Pied Piper of entertainment, whose acerbic commentary, rolling eyes and merciless critiques have crushed the dreams of hundreds of eager hopefuls and won...
- 1/19/2010
- by By Mimi Turner
- The Hollywood Reporter - Movie News
Vevo has received a strategic investment from Abu Dhabi Media Company. The announcement was made by Universal Music Group chairman & CEO Doug Morris and Vevo co-chairman/founder Rolf Schmidt-Holtz, Sony Music Entertainment CEO & Vevo co-chairman Rio Caraeff, Vevo president & CEO, Admc chairman H.E. Mohamed Khalaf Al Mazroui and Admc CEO Edward Borgerding. Terms of the agreement were not disclosed. With this transaction, Vevo is now formed as an independent and fully funded entity with Universal Music Group (Umg), Sony Music Entertainment (Sme) and Abu Dhabi ...
- 10/23/2009
- BusinessofCinema
Sony Music Entertainment has reshuffled a number of executives across several divisions in the company.
Lawrie has been named president of Europe for Sony Music Entertainment, effective Sept. 1. In his new role, Lawrie will oversee European territories (excluding the U.K. and Ireland) and the company's operations in Africa. He will be based in London and report to Sanders. Lawrie currently serves as president of the Latin region at Sony Music Entertainment.
Afo Verde has been named president of the Latin region for Sony Music Entertainment, effective Sept. 1. In his new role, Verde will oversee the company's operations across Latin music, responsible for recordings in South American, Central America, the U.S., Puerto Rico, the Dominican Republic and Mexico. He will be based in Buenos Aires and Miami, and report to Richard Sanders, president of International at Sony Music Entertainment. Since 2005, Verde has served as president of Sony Music Sur (Argentina,...
Lawrie has been named president of Europe for Sony Music Entertainment, effective Sept. 1. In his new role, Lawrie will oversee European territories (excluding the U.K. and Ireland) and the company's operations in Africa. He will be based in London and report to Sanders. Lawrie currently serves as president of the Latin region at Sony Music Entertainment.
Afo Verde has been named president of the Latin region for Sony Music Entertainment, effective Sept. 1. In his new role, Verde will oversee the company's operations across Latin music, responsible for recordings in South American, Central America, the U.S., Puerto Rico, the Dominican Republic and Mexico. He will be based in Buenos Aires and Miami, and report to Richard Sanders, president of International at Sony Music Entertainment. Since 2005, Verde has served as president of Sony Music Sur (Argentina,...
- 8/20/2009
- The Hollywood Reporter - Movie News
You miss him don’t you? Well, Sony Pictures decided you miss Michael Jackson enough to put $60 million up for the rights to release This is It. It’ll hit theaters in October, and the film will showcase the King of Pop’s last rehearsals and behind-the-scenes footage. Here’s the news release…
Beginning October 30th, the world will have a front-row seat for Michael Jackson’s final concert, as Sony Pictures Entertainment and Sony Music Entertainment release Michael Jackson’s This Is It.
This Is It is being produced with the full support of The Estate of Michael Jackson and will be drawn from hundreds of hours of rehearsal and behind-the-scenes footage, captured in high definition with state-of-the-art digital sound as the late singer was preparing for his concert series in London. The film, which will also offer select sequences in 3-D, will provide a unique career retrospective and...
Beginning October 30th, the world will have a front-row seat for Michael Jackson’s final concert, as Sony Pictures Entertainment and Sony Music Entertainment release Michael Jackson’s This Is It.
This Is It is being produced with the full support of The Estate of Michael Jackson and will be drawn from hundreds of hours of rehearsal and behind-the-scenes footage, captured in high definition with state-of-the-art digital sound as the late singer was preparing for his concert series in London. The film, which will also offer select sequences in 3-D, will provide a unique career retrospective and...
- 8/12/2009
- by Jeff Bayer
- The Scorecard Review
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