‘American Idol’ Producer Bought Out For $167 Million

Reuters reports that show business mogul Robert F.X. Sillerman, who gained control of Elvis Presley Enterprises in December, said on Friday he struck a $167 million deal to buy 19 Entertainment Ltd., the British-based firm behind the ‘Pop Idol’ and its hit U.S. spinoff ‘American Idol.’ As part of the deal, 19 Entertainment founder Simon Fuller and his creative team will remain as partners in the venture with Sillerman’s company, Sports Entertainment Enterprises, which does business as CKX Inc.