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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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76.

Pearl Grise    

Stop paying such ridiculous WAGES, for poor star performances, I TOTALLY STOP WATCHING THEIR ANTICS, THIS PAST YEAR.

159 days ago
77.

loveyou15    

Jlo cant sing hpw can she judge some2she doesn't know

159 days ago
78.

LetsBeReAL    

Jennifer lopez isn't worth it. Why did they bring her back? I stopped watching it because of her. The smart thing to do would've been keep Nikki minaj and dump Mariah. I love Mariah so much more but she didn't say much. Nikki has a big mouth. Her big mouth would've been drama enough. American idol need to kill the show or bring the original 3 back for one final year. Meaning... Simon, PAULA, and randy. If you're going to cancel the show... See how is does and/or end it with the original and ONLY 3 chairs. That's the way it should be done. If it's still low ratings after that.. Dump the show but at least you did it with integrity and brought back the judges that the whole franchise started with.

158 days ago
79.

Dobbins    

Idol has been over YEARS ago. Dump it !

158 days ago
80.

Bill5martin    

They are keeping this show on because they don't have anything better? Fox is known for canceling shows to early. Now they keep a bad show on just to fill a time slot and lose money at the same time. They cancelled firefly, lie to me and many other good shows without giving them a good chance. Now firefly is a cult hit. Why don't they pick up as good cancelled show off another network? Leverage was as great show and has been off a little over as year. It is much more entertaining then American Idol, which I haven't watched in a VERY long time. Fox has one of the worst schedules around, which includes many cable networks like USA and TNT.

158 days ago
81.

DumbingDown    

Fox had no comment? As opposed to the $hit that usually emanates from them....what an unexpected pleasure.

158 days ago
82.

Bean    

I never watch,except first season. Can't stand seacrest.

158 days ago
83.

Malaka    

Everybody hates J Blo!! Her career was dying and she begged to get back on A I to save it! Instead she killed A I in the process!! Go watch ur kids Jenny it's over

158 days ago
84.

LetsBeReAL    

Everyone hates seacrest for bringing us the Kardashians so his likability rating has dropped..

158 days ago
85.

Ray    

wait this is still on

158 days ago
86.

Mike    

What is that --American Idiots ????
Never Watch Garbage TV--
Cable TV is All Garbage--TV MADE FOR THE ROBOTS---

158 days ago
87.

stacey    

. sinking ship smh!

158 days ago
88.

DogsRule    

The Best Singing Show out there is THE VOICE! Especially with Usher & Shakira coming back! :)

158 days ago
89.

stacey    

there has only been 3 success carrey Underwood,Jennifer hudson,Kelly clarkson, were are the rest of the winners?

158 days ago
90.

Brian    

I've never watched American Idol and I don't plan to now.

158 days ago
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