July 24, 2016  
Home > News > TV

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

January 4, 2013 (4:22 am) GMT
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'.

"" has become a big moneymaker for . 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 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.

TODAY'S HEADLINES

  1. Comic-Con: 'Game of Thrones' Teases Season 7 With Production Video
  2. 'Kong: Skull Island' Poster Reveals First Look at the Beastly King
  3. Amber Rose Defends Kanye West Amid Taylor Swift Feud, but Begs Him to 'Stay out of the News'
  4. Comic-Con: Check Out 'The Walking Dead' Season 7 and 'Fear the Walking Dead' Season 2B Trailers
  5. 'The Bachelor' Star Chris Soules' Ex Whitney Bischoff Is Engaged Again
  6. Comic-Con: 'Scream Queens' Stars Share Details of Season 2, Colton Haynes' Cast in Mystery Role
  7. Dakota Johnson Channels 'Fifty Shades' Character in This Provocative Photo
  8. Celine Dion Slays Her Impressions of Rihanna, Cher and Sia on 'Tonight Show'