Will Simon Fuller be top of the pops? Cowell’s rival has a £350m plan to snatch EMI’s crown jewels

From The Independent:

He’s the svengali to the stars who sits in Andy Murray’s VIP box, masterminded the Spice Girls and turned Pop Idol into a £15 billion global brand. Now Simon Fuller is plotting to outmanoeuvre his great rival, Simon Cowell, by buying EMI’s assets, including the famous Parlophone music label, in an audacious £350 million deal.

The Independent has learned that Fuller, 52, is putting together a bid to buy the 60 per cent of EMI’s businesses in Europe, which EC regulators ordered must be sold off after the British record company was bought by the Universal Music giant for £1.2bn.

If successful, the British entrepreneur who revolutionised US television with American Idol will become the new owner of Parlophone, the EMI imprint which is home to Coldplay, Kylie Minogue, Blur and Tinie Tempah.

He would also take control of the valuable recording catalogues of Pink Floyd, Kate Bush and David Bowie, the Chrysalis (Spandau Ballet) and Mute (Depeche Mode) record labels, and 50 per cent of the best-selling Now! That’s What I Call Music compilations.

The stable of stars would be added to a client list which includes David and Victoria Beckham, the Grand Slam-winning Murray and Lewis Hamilton, the Formula 1 star, who negotiated a £60m switch from McLaren to Mercedes under Fuller’s guidance.

The deal would allow Fuller, who began his career as a record company talent scout and formed The Spice Girls, to challenge Simon Cowell as the most powerful talent-broker in the music industry.

Continue reading the rest of the story on The Independent