The London Daily News

Louis Walsh has announced he has signed up 'X-Factor' comedy turn John & Edward and that he is now in talks regarding a recording contract and TV work.

Unlike Simon Cowell, Walsh doesn't have any automatic rights to sign up finalists on the telly talent show - while Cowell's SyCo record company has first refusal on record deals, when it comes to post-show management, competitors are obligated to work with Modest Management.

However, Walsh, who championed his Irish compatriots their time on 'X-Factor', has persuaded Modest to let him guide the careers of the twins.

He'll co-manage them with Ashley Tabor, who also runs the UK's biggest radio firm Global.

Earlier this week it emerged the reality karaoke show is set to earn ITV over £100 million in advertising revenue this year and estimate are the Dublin lads could be worth £10 million.
Confirming he would be managing the 'X-Factor'  stars, Walsh told reporters:

"Despite all the doubters, John & Edward proved themselves on 'X-Factor' and I've always been convinced that they have a great career ahead of them. I'm delighted that I'll be able to continue to work with the pair. We're looking into music as well as TV deals but at this stage it is too early to give any exact details".

Additional reporting by CMU Network