Simon Cowell is reportedly signing a new deal with ITV, that will see him taking a dip in his salary.
The music mogul is behind two of the channel’s biggest shows, ‘Britain’s Got Talent’ and ‘The X Factor’, and is said to be in the middle of agreeing a new deal, that will keep him at ITV for another three years.
However, The Mirror have claimed the new deal will mean a pay cut for Simon, whose last three-year deal was said to be worth £25m. The new figure is yet to be reported.
"Overall I am happy. I always feel we are in a fortunate position because we have two shows that have been on air for a long, long time now. Even though the numbers fluctuate, when you look at what everyone else is doing, they have held up incredibly well.”
Simon’s two main shows are currently going through very different times in terms of their success.
The recent launch of the 10th series of ‘BGT’ became the most-watched TV show of 2016 so far, when it aired last month, with consistently high ratings throughout.
‘X Factor’, on the other hand, ended last year’s series on a bit of a low, after losing out to ‘Strictly Come Dancing’ (and, on two separate occasions, ‘Countryfile’) in the ratings battle, and with Louisa Johnson’s winner’s single being the lowest-charting in the show’s 12-year history.
Three of last year’s judges have since dropped out, with rumours suggesting old faces Louis Walsh, Nicole Scherzinger and Sharon Osbourne could be making a return when the singing contest kicks off its 13th series this summer.