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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

No Avatar
61.

YEP    

I say they should stop after this season. 13 seasons is good enough some things just get old after awhile, Let something new take over or come up with a diffrent idea for a singing show.

178 days ago
62.

Detroit_Allie    

People still watch this show?

178 days ago
63.

KenzieQ    

They should have went with judges that were former contestants. It would have been FRESH and cheaper. DUMB PRODUCERS ARE DUMB.

178 days ago
64.

JennA    

Ditch your big name, 15 million dollar judges who obviously aren't drawing in the viewers, find a couple of lesser known industry insiders who are credible talent scouts and a third "fluff" judge like Paula to lighten the mood (maybe another washed up pop star like Tiffany or Debbie Gibson). That formula seemed to be more popular and was obviously significantly cheaper.

178 days ago
65.

anonymous    

Billions of dollars in profits???????? Just do the math on advertising revenues vs cost of production and marketing, you'd be lucky to get to 1 billion after 13 years. Do the math.

178 days ago
66.

devin    

Maybe if they got rid of Lopez, who was never qualified to be on the panel in the first place, and got an actual musician/singer to take her place, it would help..

178 days ago
67.

k    

How and why they pay Ryan so much is a mystery to ,e. Waste of money!!!!!

178 days ago
68.

Katz    

The show stinks anyway. Does anyone watch it anymore? Stop paying JLo and others these millions of dollars that they are not worth! it's time to bring down those pay check to Hollywood and the Sports Teams!

178 days ago
69.

PokeFangirl    

They keep saying that they'll go back to focusing on the contestants, making the things live again, focus on contestants, actually help the winners, stop making the show about the judges, get rid of the useless drama, oh and focus on the contestants. Seriously it's not that hard to figure out what's wrong. I know more about what J-Lo wore last week than I do about the critiques they gave the top 13 or whatever the number is right now.

178 days ago
70.

TPF    

The show has done it's thing, it's time for something new.
Something without Seacrest would be great.

178 days ago
71.

PokeFangirl    

They keep saying that they'll go back to focusing on the contestants, making the things live again, focus on contestants, actually help the winners, stop making the show about the judges, get rid of the useless drama, oh and focus on the contestants. Seriously it's not that hard to figure out what's wrong. I know more about what J-Lo wore last week than I do about the critiques they gave the top 13 or whatever the number is right now.

178 days ago
72.

chirpsoul    

There are only 2 of these types of shows worth watching..America's Got Talent and The Voice. Both of these shows have much more engaging hosts and they offer real creativity in how they present the entertainment. Idol is dead.

178 days ago
73.

PokeFangirl    

They keep saying that they'll go back to focusing on the contestants, making the things live again, focus on contestants, actually help the winners, stop making the show about the judges, get rid of the useless drama, oh and focus on the contestants. Seriously it's not that hard to figure out what's wrong. I know more about what J-Lo wore last week than I do about the critiques they gave the top 13 or whatever the number is right now.

178 days ago
74.

rolm    

Great maybe we can see less of Lopez and Seacrest. Hope the show tanks soon.

178 days ago
75.

Whocares    

The music sucks; the show sucks; every single person who wastes their time watching it sucks. GO 'MERICA!

178 days ago
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