Simon Cowell has announced that he is ready to return to the music industry, just months after winding down his global empire.
The 62-year-old TV personality and record executive reportedly changed his mind about his business interests after the ratings success of America’s Got Talent this year.
He kept quiet about his exact plans, but the music mogul told him Mirror: I’m getting back into the music business with something I’ll be announcing soon.
“I’ll be announcing something soon”: Simon Cowell revealed this week that he’s returning to the music business after the success of AGT and after downsizing his global empire.
A source also told the publication: “AGT’s extraordinary success, exceeding all expectations, has only galvanized Simon.”
They added: “There seems to be no stopping him, even in his 60s, when people start thinking about putting their feet up.”
According to the publication, rumors abound that Simon could bring back The X Factor and is working on 50 States of Stardom in the US. He reportedly has several TV and music projects in the works.
A source said that a music project is “changing the game”.
Change of heart: The 62-year-old TV personality and record executive has had a change of heart about his business interests after the ratings success of America’s Got Talent this year. In the image, the panel of judges of the program.
MailOnline has contacted Simon’s representatives for comment in relation to this article.
In January, it was reported that Simon was letting go of “almost all of his staff” at Syco and significantly shrinking the multibillion-dollar entertainment empire after almost 20 years.
Insiders revealed that Simon had begun downsizing the company: “Simon has reached a point in his life where he doesn’t want the stress of running a global empire and has therefore made the difficult decision to close down Syco. “.
Big decisions: In January, Simon was reported to be laying off “almost all of his staff” at Syco and significantly shrinking the multibillion-dollar entertainment empire.
A production source told MailOnline: “Everyone who has worked with him is incredibly grateful for those opportunities and experiences and understands the direction he wants to take things in.” Those who leave will be caught up quickly.’
Simon – who shares seven-year-old son Eric with fiancée Lauren – has spoken in the past about his “unhealthy workaholism” and needing to slow down, after breaking his back in a bicycle accident. last year and falling down the stairs in 2017. .
Syco Entertainment is a media entertainment company, based in London and Los Angeles, founded and owned by Simon. Having previously focused on music, the company is now focused on television production.
Slow down: Simon, who shares seven-year-old son Eric with fiancée Lauren, has spoken in the past about his “unhealthy workaholism” and the need to slow down
The company owns The X Factor and Got Talent franchises, while the music arm oversees a host of talent based on the respective shows.
Simon was said to be ready to retire from work commitments after nearly two decades at the helm of Syco Entertainment as he prepares for married life.
said a source Sun: ‘Simon has reached a point in his life where he doesn’t want the stress of running a global empire, so he has made the difficult decision to take down Syco. Obviously everyone involved, including Simon, is very sad…
‘It really is the end of an era. Simon made this decision with a heavy heart, but after much deliberation, he had to do what was best for him and his family…
“Running his business internationally, especially during the pandemic and since his bike accident, has become exhausting and Simon understandably now wants to focus on other things, and particularly his family.”
The source continued: ‘Simon’s decision will give him more time to focus on what he enjoys. Besides spending time with his family…
‘It really is the end of an era. Simon made this decision with a heavy heart, but after much deliberation, he had to do what was best for him and his family…” a source told The Sun.
“He loves BGT and its American counterpart America’s Got Talent and would like to continue to appear in them and be in front of the camera for years to come.”
Speaking to MailOnline, a production source who works closely with the mogul and his staff said: “The experience and launch pad that Syco provides to their employees is completely unique and working alongside Simon is a great opportunity…
“It has given so many careers and opportunities to so many people, both on and off screen. It’s not just the UK, but with the shows they do all over the world, it indirectly opens the door to so many people…
“I know Simon is an incredible mentor and working with him has brought many people to the top of the entertainment business around the world…
“And from what I’ve heard, it sounds like everyone who’s worked with him is incredibly appreciative of those opportunities and experiences and understands the direction he wants to take things.
“Simon is a very inspiring and loyal company leader and most of his staff have been with him for many years, yes he expects people to work hard but the people who leave will be the best in the business…
Music mogul: Simon has an estimated net worth of approximately £436 million
“Those who leave will be quickly absorbed or probably launch their own businesses as Simon always encourages them to be entrepreneurial, they are all creative and have a lot of experience under their belt.”
A Syco representative declined to comment when approached by MailOnline.
After being hospitalized when he fell down the stairs in 2017, Simon said of his work schedule: “I call it a wake up call because I think sometimes your body tells you that you’re working too hard, for me it was the last hours of the night”. 2-7 in the morning…
“You get addicted because it’s silent, but it’s not healthy. It wasn’t a big deal that happened, but it was a bit embarrassing, a bit like a moment. It was like having an MOT, in a weird way, I’m kind of glad it happened.
Simon has an estimated net worth of approximately £436 million.
Syco’s Biggest Names
Only one direction
One of the biggest names in the company was One Direction, who signed with the record company after placing third on X-Factor in 2010.
The group is made up of Zayn Malik, Harry Styles, Liam Payne, Louis Tomlinson and Niall Horan, who have since carved out successful solo careers after their split in 2016.
Little Mix became the first group to win the X-Factor in 2011, and has since become one of the most successful acts on the show.
The group has been named as one of the best girl groups of all time, the biggest girl group of the 2010s, and has been described as “the biggest girl group in the world”.
Band members include Perrie Edwards, Leigh-Anne Pinnock and Jade Thirlwall, with Jesy Nelson leaving in 2020.
Camila Cabello is an American singer and songwriter born in Cuba. She rose to fame as a member of the girl group Fifth Harmony, formed on The X Factor in 2012.
She has racked up billions of streams on music platforms, and his song Havana became the best-selling digital single of 2018.
Another star was Leona Lewis, who won the third series of X-Factor in 2006.
The lead single from her debut album Bleeding Love spent seven weeks at number one in 2007.
Leona became the first British solo artist to reach the top five with eight singles after the release of her Christmas single with One More Sleep.
Fifth Harmony finished third on the US version of X-Factor in 2012 and subsequently signed a record deal with Syco.
Members include Ally Brooke, Dinah Jane, Lauren Jauregui, and Normani Kordei.
Camilla Cabello was also in the band before deciding to go solo.
Westlife consists of Shane Filan, Markus Feehily, Kian Egan, Nicky Byrne, and previously Brian McFadden.
In Ireland, they have 11 number one albums with a total of 13 top two albums, 16 number one singles, and 34 top fifty singles.
Alexandra Burke won the fifth series of X-Factor in 2008,
Burke released the winner’s single Hallelujah, which became the European record holder for the most singles sold in a 24-hour period, selling 105,000 in one day.
In June 2014, Burke replaced Beverley Knight in the title role of Rachel Marron in the West End musical The Bodyguard.
Ella Henderson placed sixth in the 2012 X-Factor series, despite being one of the favorites to win.
His debut album included the song Ghost, which topped the charts of 2014.