We’ve already heard that American Idol is seeing it’s lowest ratings since season one, but for the first time ever, that might actually translate into a financial loss for FOX. TMZ reports that the high costs associated with the show paying its judges and sponsoring all those phone calls may be too much if ratings are down.
“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.”
That said, the show won’t be cancelled any time soon. More than likely they’ll just figure out a way to keep costs down moving forward, because they really do need Idol for their primetime line-up now that they’ve officially killed The X-Factor.
The show seems like its long past its prime, but even with “poor” ratings it still performs much of what’s on TV in a given night. It may still have some life left in it yet.
[Photo via Michael Becker / FOX]