• Simon Cowell buys full control of ‘Got Talent,’ ‘X Factor’ franchises

    Simon Cowell buys full control of ‘Got Talent,’ ‘X Factor’ franchises

    Simon Cowell is to take full control of “Got Talent” and “The X Factor” producer Syco Entertainment after agreeing to buy out Sony Music Entertainment’s stake in the joint venture. Cowell is personally buying out the stake and the move will give him sole ownership of the entertainment company. It is the result of a …
  • Sony warns profit may drop 30 percent or more this year as demand slows

    Sony warns profit may drop 30 percent or more this year as demand slows

    Sony said Wednesday that operating profit could fall 30 percent or more in the current fiscal year as the coronavirus hits the box office, as well as consumer demand for smartphones, video-game consoles and other electronics. The Japanese conglomerate, which owns film and TV studio Sony Pictures, sounded alarm bells as it reported results for …