Ant McPartlin and Declan Donnelly have pulled out of work engagements after falling ill. The pair, who are gearing up to host another series of I’m A Celebrity, reportedly have a ‘sudden’ illness, which has forced them to scrap an appearance on a Britain’s Got Talent special. They will be replaced on BGT by former Britain’s Got More Talent host Stephen Mulhern, an ITV spokesperson said.
‘Got Talent’ Creator Simon Cowell’s Syco Entertainment Strikes ‘Groundbreaking’ $125M Securitization Deal For Reality Format
03.10.2022 - 12:45 / deadline.com
Simon Cowell’s Syco Entertainment has struck a deal worth $125M for the securitization of the Got Talent franchise.
The agreement, billed by advisor ACF as “the first of its kind” and “groundbreaking,” securitizes the intellectual property behind Got Talent, including the U.S., UK 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.
This type of deal structure is more commonly commonly applied in the music industry, for royalty income streams. In general, it’s used to raise capital through equity, debt or a mixture of both.
As such, ACF says the deal, which took two years to complete, hands Syco a war chest to “grow the business through a mixture of strategic acquisitions and organic growth projects.”
ACF was the lead bank and advised Syco in both the UK and the US. Memery Crystal, a multidisciplinary international law firm based, advised Simon Cowell’s Syco Entertainment.
Thomas Dey, ACF’s Founder and CEO, said: “ACF worked with Syco to formulate this financial strategy to support its plans and managed the entire process as the lead bank. Our brief was to create a structure to enable the Company to maximise the full potential of its existing passive royalty income stream. ACF has created a winning formula using our extensive experience from across the media and entertainment sector. We are certain that this ground-breaking structure will be one that we will use for many media formats in the future.”
For Syco, the news comes after it made widespread redundancies earlier this year, with Cowell at the time reportedly keen to spend more time with
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03.10.2022 / 12:21
Simon Cowell Inks $125 Million Transatlantic Securitization Deal For Got Talent Franchise
K.J. Yossman Simon Cowell has securitized the Got Talent franchise in what’s been described as a “groundbreaking” $125 million deal. The securitization relates to the intellectual property behind the franchise, including both the U.S. and British versions of the show, “America’s Got Talent” and “Britain’s Got Talent.” As part of the deal, the assets to the franchise and its spin-offs have been pooled, including “production margins and fees, digital income, franchise and original content sales and sponsorship income.” The Got Talent franchise has been commissioned across 72 global territories, including Armenia, Chile and Egypt. As of 2017, it holds the Guinness world record title for “Most international versions for a reality television format.”
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Simon Cowell thanks Kelly Clarkson for his success in moving speech for singer
Simon Cowell has said he “wouldn’t be here today” if not for the success of Kelly Clarkson, as the singer was honoured with a star on the Hollywood Walk of Fame.The star got her big break when she won first ever season of American Idol, which launched her into superstardom all the way back in 2002.The music mogul, 62, said Kelly, 40, was “one of the most loyal, talented” people he had helped throughout his career, as he spoke at the ceremony in Los Angeles on Monday. He was joined by fellow his judges from the original series, Randy Jackson and Paula Abdul, who also praised Kelly before her star was unveiled. Reminiscing on to the days to when he first met Kelly, Simon told her: "I remember not just your voice but your personality.