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COWELL OFFERS $5-MILLION CONTRACT TO X FACTOR WINNER

February 7, 2011 by · Leave a Comment 

The winner of the upcoming U.S. version of Simon Cowell’s The X Factor will receive a recording contract from Sony Music that will be worth $5 million, Cowell said today (Monday). It will be the largest prize ever awarded on television in the U.S. — or anywhere else. “We are going to put our money where our mouths are with the $5 million recording contract,” Cowell said. “I’m doing this show in America because I genuinely believe we can find a superstar.” Only a superstar commands such high earnings. Cowell also indicated that, like its British counterpart, the American X Factor will have far more relaxed rules than American Idol. “I’ve never believed there should be a cut-off age for talent,” he said, adding that he likes “the idea that a 12-year-old on this show can compete with an older singer and a singing group.”