Simon Cowell To Take Over The Entertainment World

In news we’re not sure whether to be impressed or terrified by (we suspect both), music mogul Simon Cowell has teamed up with longtime friend and retail giant Sir Philip Green (pictured at right) to create a new uber-powerful entertainment company. The TV judge will set up the company with Kate Moss’s Topshop boss — who’s Britain’s 9^th richest person — to ensure he owns the rights of all the entertainment shows he’s involved with, from American Idol to Britain’s Got Talent and the X-Factor.

“They are talking about making profits running into billions as opposed to millions from their joint venture … they’re thinking in terms of a new Disney. What they’re planning is that big,” said a source close to the hairy-chested pair. Gulp. [Photo: Splash News Online]