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Simon Cowell’s production company Syco Entertainment has raised US$125 million to create an acquisition fund intended to expand its international reach.
Production for "Canada's Got Talent" will begin this Fall, with the show set to debut next Spring. Since its 2006 launch, the format has been sold to over 75 regions worldwide, labeled as one of the most successful entertainment brands.
The television judge, entrepreneur, and record executive will now have sole ownership of "Got Talent" and "The X Factor". Sony Music will still own music assets, including its roster of current artists and back catalog.