Photo: WENN.com
In news that will suprise no-one, Simon Cowell's SYCO brand raked it in last year -banking $105 million in profits.
This is due to selling a variety of tat in various different mediums to a brainless public, including shows like X Factor and the Got Talent franchise, along with acts like Susan Boyle and One Direction.
As a result, the brand took home £71 million ($105 million) in earnings, with a £51 million ($77 million) dividend paid to Sony Music Entertainment LTD, who own 50% of the company. £29 million ($44 million) was paid to Millforth Limited, where the majority share is owned by Cowell and 20% by Phillip Green.
Cowell's total share of the profits amounts to £24 million ($36 million), including £900,000 ($1.4 million) in pay. Peanuts basically.
Considering that X Factor artists have shifted more than 150 million records worldwide, including 130 number ones and 250 top 10 records, the brand won't be going away any time soon.
