How Much Does Simon Cowell Make for Sony

simon_cowellI was sitting in my living this evening watching Britain’s Got Talent Final and really wondered what Simon Cowell actually owns and how much his companies make. Well I thought I would write a quick article and run through the basics of the Cowell empire.

Simon founded a record label and television company Syco which encompasses music, film and television. Within these companies they operate television shows such as The X Factor, Britains Got Talent, American Inventor, America’s Got Talent and Grease is the Word.

Cowell claims Syco accounted for approximately 40% of Sony Music Entertainment profit in 2006, despite only employing 14 people. By 2008, it was believed that Syco accounted for as much as 70% of Sony profits. In 2008 Sony music entertainment forecasted a net profit of $1.5 billion, thus making Simon Cowell’s companies estimated at $1.05 billion if they indeed did 70% of the profits.

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

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    Thank you so much for printing this. I love Simon Cowell and all that he does. I think he is only doing his job and doesn’t mean to be rude or hurt peoples feelings. I like his honesty.

    American Idol will not be the same without Simon. I wish you did not have to leave. Maybe you can come back once in awhile.

    To be honest, Simon is really just a critic and a smart entrepreneurial businessman. I don’t really see what sort of talent he has in him as far as actual music ability except for perhaps the fact he might be good at picking out an artists that might be commercially viable.

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