Simon Cowell’s Syco Entertainment has struck a deal worth $125 million for the securitization of the Got Talent franchise. The agreement, billed by adviser ACF as “the first of its kind” and “groundbreaking,” securitizes the intellectual property behind Got Talent, including the U.S., U.K. and international versions of the format, which is in 72 territories worldwide. In effect, production margins and fees, digital income, franchise and original content sales and sponsorship income have been pooled as securities.
Simon Cowell is to take full control of Got Talent and The X Factor producer Syco Entertainment after agreeing to buy out Sony Music Entertainment’s stake in the joint venture. Cowell is personally buying out the stake and the move will give him sole ownership of the entertainment company.
