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