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Simon Cowell Confirms He’s Quitting Idol To Launch X Factor In The US…
Former X Factor contestants and finalists and Judges are seen turning up at Fountain studios for rehearsals for saturdays final, London, UK. 11/12/2009
There’s been plenty of rumours milling around for some time now, so you won’t be surprised to hear that Simon Cowell officially confirmed the next series of American Idol will be his last.

But don’t worry the music mogul isn’t hanging up his judging shoes just yet, instead he’s inked a deal with the Fox network to launch the X Factor in the US.

But why bother what’s the point? Aren’t Idol and X Factor pretty similar formats? Well let us explain…

Basically it comes down to one simple factor, unlike American Idol, which is owned by Simon Fuller, Cowell owns the format for X Factor, which simply means he gets to pocket a lot more money.

The US version of the show is expected to launch at the end of next year.

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