Simon Fuller, the creator of American Idol, has struck a deal to launch a new entertainment
company. Not only does the deal include a profit sharing provision for Fuller, but it also allows
CKX, a parent company of 19 Entertainment, to invest in Fuller’s new company.
Fuller will remain in control as executive producer for American Idol and an executive of other
Shows already in progress. Says Fuller, “As an entrepreneur…starting a new company fills
Me with great excitement.”
By Georg Szalai; Edited by Clint Davis
Source: The Hollywood Reporter