Pete Waterman's take on Simon Cowell

Music mogul Pete Waterman has some firm views on his old Pop Idol colleague Simon Cowell.

During an interview on Live From Studio Five, he said: "I think everybody's got [X Factor] wrong.

TV rant: Pete Waterman

"There is only one star in the show, and that's Simon Cowell. It's the Simon Cowell Show and that's what people watch, all the rest is irrelevant.

"When Simon gets that 18 million audience and he says, Thank you very much lads', it will be, See you later, you've served your purpose'.

"Then they'll go round the clubs, for you know three grand, they'll make a good living. They've got no talent, they can't sing, they can't dance."