Simon Cowell vs The Boss

Posted Friday March 16, 2007 3:10 PM GMT

Simon, Simon, Simon. Mr. Simon Cowell is running his mouth again. Surprised?

In a “60 Minutes” interview slated to air on Sunday, Simon brags that he is worth more to Sony BMG than Bruce Springsteen. Five times as much, in fact.

"I sell more records than Bruce Springsteen, sure," Cowell says of the 57-year-old rock star, who reportedly signed a contract that was reported to be in the neighborhood of $100 million.

"I mean, in the last five years, I've probably sold over 100 million records. If (Springsteen) got one hundred (million dollars), I should have got five hundred (million dollars)," he says.

The staggering 5x figure Cowell came up with is justified by the fact that he signed the biggest artist on the planet… American Idol. "Every single `Idol' winner is now signed through Sony BMG," says Cowell. "And this applies to ... all the countries ... we sell `Idol' to, which is over 30 countries."

Albums by "American Idol" winners and runners-up are distributed by labels within the Sony BMG system through a deal between Clive Davis and 19 Recordings Unlimited, the label managed by "American Idol" creator Simon Fuller.