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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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1.

Rigby    

Just cancel it.. Idol sucks

210 days ago
2.

Kev the Realist    

How about this, Stop paying stupid money for

210 days ago
3.

BLUE UGLY 💩    

I blame Nicki Garbaj

210 days ago
4.

Kev the Realist    

How about this. Stop paying stupid money to Seacrest ( who does nothing and adds even less to the show), then pstop pandering to the whims of diva jusges and get talent that is cost effective, absent that get real. The show has run its course and connot compete with the voice and is passe.

210 days ago
5.

Xarexx    

?

210 days ago
6.

MightyMatt    

Who cares. C'mon Beiber, do something else stupid. I want to see you locked up.

210 days ago
7.

JP    

And you wonder why your cable bill is $100+ per month? This is why. The network will just raise the rate it it charges your cable provider to recoup the losses. The cable companies will then turn around and raise your rates. Congratulations! You're paying for this. Cut the chord people.

210 days ago
8.

Berserk    

On the bright side, American Idol has afforded Ryan Seacrest the luxury to live out his wildest dreams -- and gender reassignment surgery for when he decides to come out.

210 days ago
9.

xxx    

I think Idol is like Facebook and they find a way to falsely inflate their numbers (probably try and base it on phone calls and not viewers). I don't know anyone who has watched it in years. They have turned out 2 maybe 3 stars total, everyone else has gone on to lose money and have horrible record sales numbers. It's a joke of a show but Fox is a joke network anymore.

210 days ago
10.

TruthTold    

Very few real rock musicians who made their careers by touring to fans who love their music think this show is based on talent..amusement over lack of talent makes money too evidently.

210 days ago
11.

LB    

This show is a joke and has over stayed its welcome.

210 days ago
12.

trini_angel    

I DON'T GET IT!!!!!! J-Lo can't sing to save her life. The only thing she has going for her is dressing like a slut on the show, flirting with contestants and playing the 'nice judge' so she could be on everyone's nice side. WHY THE HELL ARE THEY PAYING HER $15M???? Ryan Seacrest is just too damn greedy....he can afford to take a pay cut. JEEZE!!! Its like they're just there to fill their pockets and run

210 days ago
13.

think101    

I use to love this show, stopped watching it when they started letting professional singers compete. Its not fare to the amateurs.

210 days ago
14.

Lynn M    

They finally got a panel of judges with the right balance. Almost threw in the towel last season after the Manaj/ Carey fiasco. So glad they finally are back on track and have cut way back on showcasing idiots. I hope people give it another chance because it really is far better than the past several seasons. Harry Connick Jr knows his stuff. He also knows how to say know without being rude. Try it again. You might be surprised!

210 days ago
15.

Wolfperm    

GREAT!!! Hopefully everything else RS touches will crumble into obscurity.

210 days ago
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