Simon Cowell is one of the most renowned men in the world, earning around 54 million a year. Starting off in the mail room in EMI Records, he worked his way up to eventually be the A&R consultant for Sony BMG putting himself in a very powerful position in terms of business within the entertainment industry. He then went on to create his production company Syco, responsible for the televising and creation of the massively successful programs X Factor and Britain ’s Got Talent and representing the artists that the shows produce. Syco apparently now accounts for 70% of the profit generated from Sony Music UK .
For these reasons I admire Simon Cowell, as he has worked his way up a company to go on to start his own businesses, almost all of which have been very successful. He is the creator of most likely the world’s most successful television show as a franchise being shown in around 30 countries worldwide; the X Factor. Whilst I admire him for what he did as a business-man and entrepreneur, I do not admire what the actual programs he created stand for and produce, as in my opinion yes, they create opportunities for ‘normal people’ to become stars, but at the same time take over the charts and push out artists that have written their own songs and have what I see as the true package; being able to write as well as record songs. Although this is what I believe and aside from what it does to the music industry, it does increase the income into Simon Cowell’s business Syco, and whilst I do not commend what this does to the industry I do admire the original methodology and idea.
However even though I am not a fan of X Factor myself I do appreciate how the show is put together as a production. A huge amount of the British and other populations are fans, which therefore means the show generates a massive amount of profit from its viewers and their calls. Another part of the televising and production of the show that I admire is the way in which he has delegated advertising space. Due to the amount of viewers, both X Factor and Britain ’s Got Talent are brilliant shows to advertise in between breaks. There are around 7 breaks per show, meaning that the advertisement space bought by companies generates huge amounts of profit and can be sold at large prices. In my opinion this is very cleverly done by Cowell, as the show itself therefore does not need to advertise but can still make a lot of profit from it without the infringement of any of ITV’s laws.
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Resources Used: http://en.wikipedia.org/wiki/Simon_Cowell