Simon Cowell ‘to set up production company’

London: Music mogul Simon Cowell is planning to set up a production company.

The entertainment mogul is in the initial stages of developing the firm, which industry insiders say will focus on music-themed projects.

“Simon wants to exploit his talent relationships and make music and dance-themed movies which are perennially popular at the box office”, the Daily Express quoted a film industry source as saying.

“It’s great news for the British film industry as the company will be a one-stop shop with potential finance and distribution through Sony,” the source added.

Plans for the company accelerated after last year’s surprise hit StreetDance 3D, which made nearly 12 million pounds.

“Simon’s got such great instincts that it shouldn’t be long before he’s celebrating his first big blockbuster,” the source said.