$5 Million Dollar Record Deal On “X Factor”

The winner of the first season of “X Factor” will get a huge prize a record breaking $5 million dollar record deal which is the largest guaranteed prize in television history. The prize is from Syco which is a joint venture of Sony Music and Simon Cowell. If the past history of Simon Cowell is anything to go by he will make his money back and then some after handing out the prize.