Fuller launches new entertainment company

Simon Fuller has announced plans to launch a new entertainment company.

The founder and chief executive of 19 Entertainment has also signed a long-term deal with its parent company CKX to continue to executive produce American Idol, So You Think You Can Dance and property show If I Can Dream in a profit-sharing agreement.

As part of the deal, CKX will be given the opportunity to invest in Fuller's new venture, while he will provide general consulting services in return.

Chairman and chief executive officer of CKX Robert F.X. Sillerman said: "I am thrilled with this new arrangement with Simon. He is truly one of the most creative geniuses in the entertainment industry today.

"This new arrangement guarantees that Simon and CKX will be working together for many, many years to come."

Fuller said: "This is the beginning of another important chapter in my life. As an entrepreneur I feel I am about to enter my prime years and starting a new entertainment company at this moment fills me with great excitement.

"Since its acquisition by CKX, 19 has achieved extraordinary success and I am delighted to be able to continue my relationship with Bob, the CKX team and all the properties that I have created."

Fuller recently teamed up with celebrity blogger Perez Hilton and director James King to launch a search to find a new boy band.