Cowell ‘planning Producing Career’

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September 13, 2010 | 11:10am EST

Music mogul Simon Cowell is reportedly planning to launch his own film company.

The former American Idol judge has already dabbled in producing, overseeing a documentary based on his talent show protege Susan Boyle last year.

Plans for a biopic about Britain’s Got Talent star Paul Potts were axed earlier this year, after filmmakers failed to find an actor willing to take on the lead role – but Cowell remains undeterred in his movie mission.

He is planning to head up a production company which will release musical-themed projects, according to Britain’s Daily Star

A source tells the publication, “Simon has the Midas touch. This is great for British film. We have our fingers crossed.”