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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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46.

David     

Not sure why is this show still on the air. It should have been cancelled nearly 10 years ago. It gets old with the same o'l dumb "it's pitchy" etc... Not sure why these people make so much ungodly money. This world is so corrupt.

206 days ago
47.

The New Improved Sock Puppet    

AI has been on life support for the last few years. There isn't a major station that has the balls left to promote anything but "reality" programming.

206 days ago
48.

freaksloan    

What kind of moron watches this crap. J-HO NO THANKS!

206 days ago
49.

UPYOURS    

Hoping this will be the last swirl in the toilet of "reality" tv.

206 days ago
50.

UPYOURS    

Hoping this will be the last swirl in the toilet of "reality" tv.

206 days ago
51.

SoManyIdiots    

Bring back Simon and Randy for one final year, next year.

206 days ago
52.

Jim    

I have a feeling that viewers are starting to realize that RYAN SEACREST is responsible (in part) for the KarTRA$Hian train continuing on and on, and they have finally had enough. KarTRA$Hians are poison to business.

206 days ago
53.

TeeDee    

This show should've been cancelled when Simon and Randy left! That's when I stopped watching it. They just need to let it go!!

206 days ago
54.

Jan    

I quit watching after they brought on Nicki and Mariah...those two tried to make the show about themselves.

206 days ago
55.

PeanutGallery    

That show is still on???

206 days ago
56.

Thizz √$    

Can't stand that show !

206 days ago
57.

Vote2012    

It does not take a genius to understand that show peaked years ago, it's been on life support, nobody care about it anymore.

206 days ago
58.

Luna    

Use to love american idol. But it's just not the same anymore. The talent is sub par. Judges are crappy.

206 days ago
59.

BeiberVegasHoHo    

JB as host would make it successful again. JB is young, white, and rich....but Seacrest would wanna bang him & JB would prolly kill him. JMO

206 days ago
60.

BigmoneyBleezy    

Why are they paying J.Lo 15 million? Not classically trained musician, cant sing, came up at a back up dancer, and doesn't have good input, also she is past her career prime. They could have had so many better choices. She looks like a fish out of water when harry and keith talk musical technicalities.

Seacrest is great though, he is worth it.

206 days ago
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