One of the most successful shows in the history of TV -- a show that has made BILLIONS of dollars in profits -- will actually LOSE money this year ...
The reasons for "American Idol" going into the red for the first time all have to do with the bottom line. The show pays a fortune to the stars -- we're told Jennifer Lopez gets north of $15 Mil and Ryan Seacrest gets around that amount as well. They spent between $5 and $7 million on a new set this year. They are also still paying the 2 executive producers they fired after last season.
In addition we're told the show will spend at least $5 million on viewer phone calls.
And ... the ratings are down 26% from last season -- and that translates into advertising dollars. Some of the ad losses can be deferred until next season ... but they are losses nonetheless.
For years "Idol" scored hundreds of millions of dollars in raw profits in a single season.
Not gonna lie, I miss seeing Nicki on my tv every week. I may even go back and watch reruns from last season. I'm glad she didn't sign on for another year tho, that would have been an awful decision.
Idol ratings will recover. The Olympics destroyed the big bang theory ratings as well. It is now over. It was a big mistake going up against the Olympics. The critics have been praising the new format and judges. Last years panel did the most damage. It is still paying for the horrible no chemistry panel from last year.
Idol ratings will recover. The Olympics destroyed the big bang theory ratings as well. It is now over. It was a big mistake going up against the Olympics. The critics have been praising the new format and judges. Last years panel did the most damage. It is still paying for the horrible no chemistry panel from last year.
Last year drama between Nicki & Mariah was the most iconic thing AI has seen in a while... The decline after they left was inevitable.
This show is far past its prime, but won't end anytime soon. If you compare Idol to the other shows FOX has, it's their most popular show in comparison. They get rid of Idol, they no longer have a massive flagship program to draw viewers in.