Music mogul Simon Cowell thrilled to reach new agreement

Simon Cowell has signed a £100million deal with ITV allowing them to continue airing The X Factor and Britain’s Got Talent.

The agreement lasts for 3 years – starting from 2011 – and also includes the exclusive rights for ITV2 to broadcast the US version of The X Factor and America’s Got Talent

ITV2 will also get to keep spin-off shows The Xtra Factor and Britain’s Got More Talent

‘I am thrilled this deal has been concluded with ITV to enable our relationship to continue to develop,’ Simon, 51, says in a statement.

‘I am committed to making sure both shows get bigger and better every year. I have a lot to thank ITV for. They have been key in making The X Factor and Britain’s Got Talent the UK’s biggest shows.’

The £100million will be split between Simon‘s firm Syco and Talkback Thames, the production company that makes the shows.

The X Factor and Britain’s Got Talent are the shows that have helped define the last decade of television in the UK,’ ITV director of television Peter Fincham says in a statement.

‘And I’m delighted that our viewers can continue to enjoy them on ITV over the next three years.’

Simon is expected to net a further £20million when he signs a separate talent deal with ITV.

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