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'American Idol'

Show Will Lose Money This Year

2/24/2014 6:00 AM PST BY TMZ STAFF
EXCLUSIVE

0223_seacrest_lopez_compositeIt's an enormous sea change ... 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  ... multiple sources connected with the show tell TMZ.

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.

That said ... we're told the show almost certainly will NOT be cancelled after this season.  Sources say it will be back next year, in no small part because FOX cancelled "X Factor" and there would be way too many holes in its primetime schedule if both shows went away. 

Now perspective ... "American Idol" is one of the most successful shows ever on television.  Almost no shows make it to season 13 and the ratings for the show's run have been unbelievable.

FOX had no comment.

199 COMMENTS

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16.

pat    

Seacrest is going to have a tough year. The Kartrashians are on their last leg and this show will probably disappear too.


I'm surprised it wasn't called American Greed.

158 days ago
17.

chris    

i was on American idol when it was good anyways it was good when simon randy and pula were around ! around sad this joke is one of the biggest jokes for the last few years !!!!

158 days ago
18.

janet    

The show sucks.

158 days ago
19.

James25    

Well I find it hard to believe that American Idol will lose money this year. The show makes $800 million a year in ad revenue. Are you trying to tell me that they will burn through $800 million this year? Unless the set is made out of diamonds then I don't see how that's possible.

158 days ago
20.

allieoop    

I use to love this show. But like all good things they ruined it .I never watched this year because last year was such a disappointment

158 days ago
21.

Cran    

Without autotune Jen would not be singing, she is NOT a singer, way way overpaid.

158 days ago
22.

klepp0906    

perhaps they should refrain from paying a has been and a metrosexual millions of dollars to TALK ....

158 days ago
23.

klepp0906    

i administer networkers and fix workstations/servers/pc's which practically make the world go round and if im lucky i will make ONE million over the course of MY LIFE. What these people are paid sickens me.

158 days ago
24.

klepp0906    

to be fair, what they spend it on sickens me much worse.

158 days ago
25.

IceGypsy    

Actually came back to watch it because of Harry. He's prob the best thing that has happened to the show in a long time. Do agree they are way overpaying some folks there though.

158 days ago
26.

Crabby    

who watches this shyt anyway? can't stand that no talent khunt j-ho.

158 days ago
27.

robert    

this show has become just a pile of crap. i really hate it

158 days ago
28.

Dale    

Ive never watched one minute of the show.

158 days ago
29.

tmz001    

Carrie Underwood is the only good thing that came from this show! The rest are crap

158 days ago
30.

TJ    

Notice E NETWORK is working overtime trying to promote the dying Kardashian dog. Includes exploitation of the illnesses & deaths of two parents, the illness of the son, & someone's drug/alcohol addiction. That family has sold their souls for MONEY & GREED, and continue to do so.

158 days ago
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