'The X Factor (US)' Helps Simon Cowell's TV Business Profits Soar


Simon Cowell


The pre-tax profits of Cowell's television company Simco rocketed to $52.4 last year, thanks to the launch of the U.S. version of 'X Factor'.

"The X Factor (US)" has become a big moneymaker for Simon Cowell. The FOX singing competition has helped boost the profits of his television company Simco last year.

Cowell's TV company made pre-tax profits of $52.4 million (32.6M pounds) in the 12 months to 31 March 2012. It's more than twice of the company's pre-tax profits in the year before ($22 million or 13.7M pounds) or increasing 138%, mainly due to the launch of the American version of "The X Factor".

The company also reported that total turnover almost doubled to $87.89 million (54.6M pounds) in the year to 31 March 2012. Turnover in the U.S. grew from $5.1 million (3.2M pounds) to $36.8 million (22.9M pounds), making almost 42% of the total turnover.

"The X Factor (US)" wrapped up its second season last December with an average of 10.6 million total viewers and a 3.9 rating among adults 18-49. The show crowned Tate Stevens as the winner in the season finale.

© AceShowbiz.com


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. Kylie Jenner Reportedly Pregnant With Travis Scott's Baby
  2. Get a Look at Hulk's Glamorous Sakaar Bed in 'Thor: Ragnarok'
  3. T.I.'s Alleged Side Chick Bernice Burgos Reportedly Wants to Have Baby With Him
  4. Kim Kardashian Is Jealous of Kourtney's Banging Bikini Body
  5. Iggy Azalea Responds to Odell Beckham Jr. Dating Rumors: I Don't Even Know Him
  6. 'Logan' Producer Hints at X-23 Solo Movie
  7. See Ben Affleck Hilariously Imitating Christian Bale's Batman for Red Nose Day
  8. Sophia Bush Exits 'Chicago P.D.' After Four Seasons
  9. Heidi Klum Gets Completely Naked in New Photography Book
  10. Scott Disick Caught Cozying Up to Another Woman After Spotted With Bella Thorne and Chloe Bartolli

CELEBS PHOTO