Simon Cowell Negotiating $32M ITV Pay Day

The network is trying to tie The X Factor supremo down to a 3-year deal. Cowell said on Friday that the UK X Factor could move to January 2012 to accommodate next year’s U.S. version. ITV executives have been looking for replacements for its ratings juggernaut, which got 10.8 million viewers on Saturday. Network executives had hoped the talent show would be running out of steam by this Fall’s series 7, giving them greater bargaining power. Cowell, 50, has even coined the nickname Mr ITV because he is so powerful at the station. ITV has assured Cowell it has the extra £4 million a year he wants pumped into The X Factor. “What we’re trying to do is make better shows than we’ve done before,” Cowell told the BBC. “If we can’t do that, there’s no point in doing it.” Given that Cowell’s current £6 million a year contract expires at the end of 2010, you do wonder why it’s taken ITV this long to get their biggest star to renew. Meanwhile, Cowell is investigating getting into the movie business providing he can find the right partner. (more…)

This article was printed from https://deadline.com/2010/09/simon-cowell-holds-out-for-32m-itv-deal-66678/