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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
91.

chris    

No one wants to watch other singers judge. Jenifer lopez, Keith, and harry are talent..They dont know how to discover it. They have never signed or brought out new artists. This is what american idol does not understand. America wants the judges to be real talent evaluate rs not peers.

204 days ago
92.

Niqui    

Who watches this show anymore? I mean really it hasn't been good in ages.

204 days ago
93.

Sherms    

Waste of money

204 days ago
94.

Lekili    

Cancel it and The Whoredashian's!

204 days ago
95.

Sara    

Their mistake was when they let Jennifer go because she had world tour and worst was to brink Mariah and nicki . i think they lost people trust with that stupid panel and i think people need time to trust the show with new panel . i read comments in american idol's facebook page and almost eveybody are good with the show . it needs time to brink all viewers back that left in season 12.
JLO is here so the show will be back ♥
and we have harry and keith . so don't worry .

204 days ago
96.

Bubbaboy14    

Seacreat and Loez have such freaking big egos they can't fit in the same room together... America has had it with them! Seacrest should be ashamed sujecting innocent kids to the Kadasian 's...Has he no consicene ?

204 days ago
97.

TMZFan84    

I'm surprised it's still on.

204 days ago
98.

vic    

The voting format sucks. The contestants are getting worse, and some of the judges have don't have a clue. It seems like every year the wrong person wins. If you are a white male country singer you have it made.

204 days ago
99.

coffeeaugur    

The show is a waste of time, they've already planned out who they want to win. That was pretty obvious from that last show.

204 days ago
100.

Kenneth D. Frazier    

There are people they can get who would work for a he** of a lot LESS .... Maybe they need to think about hiring people who don't need to make a lifetime's fortune in one season of doing practically NOTHING !

204 days ago
101.

doucette1    

How can this be!? To me, its the best season yet!

204 days ago
102.

GuitarSlinger    

Idiots. Paying 15 million for a single person. I'll do it for $500/week. Plus a Trojan condom full of only blue Peanut M&M's, and 100 dozen white roses in my dressing room.

204 days ago
103.

GuitarSlinger    

Harry and Keith are actual musicians. Lopez is in show business, but not a decent musician. Can her! Get a qualified person for a fraction of the cost.

204 days ago
104.

Kerri    

If they would actually get judges that judged talent other than the performance aspect. Performance comes when the experience happens but TALENT AND HARDWORK are what takes you there. Youd be nowhere without talent, just a bunch of pitch problems and poor performance because the audiences ears are bleeding. NO ONE in the past few seasons have even been worth mentioning and honestly the talent is slipping. They pick looks, not voice which is something they should do.

Stop getting Celebrity judges, we dont want or care bout that. What we care about is someone who knows what they are talking about, meaning can give feedback better the person at least when it was Simon, PAula and Randy they gave feedback ALWAYS! EVen good performances gave feedback to better the next. I havent seen that in years, its getting pathetic. And Ryan you shouldnt be so greedy, the show MADE YOU what you are, got your face out there. You have plenty of money rolling in, get over it and drop some money off your paycheck, yeah you can afford it.

204 days ago
105.

CANADIAN GOLD MEDAL    

woo hoo cancel the show and start replayin the olmypic gold medal game between canada n the states,,,OH WAIT THE STATES WERENT IN THE GOLD MEDAL GAME,,HAHAHA GO CANADA GO !!!! GOLD IS OURS!!! AGAIN HAHAHA

204 days ago
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