The X Factor star and Syco Entertainment chief will receive the Britain's Music Industry Trusts Award "in recognition of his outstanding contribution to the music and entertainment industry, plus many charitable causes" at the annual's 24th gala ceremony in aid of Nordoff Robbins and The BRIT Trust in November.
Cowell is currently behind a movie adaptation of a Vivek Tiwary biography, The Fifth Beatle: The Brian Epstein Story, that captures the tragic life story of a brilliant manager who died at age 32 from an overdose of sleeping pills in 1967.
Music rights publisher Sony/ATV has green lighted the project that has backing from IM Global, the leading film financing, sales and distribution company in the world.
The 55 year-old reality TV star, Cowell is also set to launch a new TV show in the UK called The F Factor. Young technology entrepreneurs will get to pitch their ideas to business leaders that include Google's Eric Schmidt.