American Idol Makes $900 Million A Year, And Simon Cowell Wants $144 Million Of It
We had commenter chatter on the site earlier this spring about Simon Cowell not coming back after his current contract on American Idol expires, but of course it was all part of the negotiating process. Cowell and Idol will be around for a long time, making lots of money, and stomping your favorite shows in the ratings. Idol haters, begin the teeth gnashing.
Cowell, who reportedly made $36 million last year for judging the hit competition show, has been offered three or four times that amount — between $100 million and $144 million per year — by co-producers Fox and 19 Entertainment to stick with “Idol” when his contract expires next May, according to The Guardian, a London newpaper.
While $36 million may seem like a lot of money for five months worth of snarky comments and eye-rolls, it’s only a fraction of the estimated $900 million that “Idol” rakes in a year. As the lynchpin of the show — without him there would be no one to hate and no dramatic tension with Paula Abdul — Cowell believes he’s due for a raise.
read the rest at New York Post.