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Simon Cowell is close to ending his contracts with both "American Idol" and Sony Music, what's next for the TV personality? ET knows!
According to the Hollywood Reporter, the snarky UK celeb is set to partner with Sir Philip Green on a global entertainment company that will produce new shows in the U.S. and Britain.
While Simon's contract with "Idol" expires in May, he is likely to renew his deal through his new company....
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