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AMERICAN IDOL: Losing Money

 
AMERICAN IDOL: Losing Money
Posted February 24th, 2014 @ 4:17pm

This season of American Idol is expected to do something it has never done before -- lose money.

According to TMZ, the show which has been extremely profitable for Fox, will go into the red this season. The reason for the loss is due in part to what it's paying Jennifer Lopez and Ryan Seacrest. But that's not all. The show spent millions on a new set this year and is still paying two former executive producers who were let go after last season.

Ratings are also down from last season which means less advertising revenue. But despite its losses, American Idol isn't expected to go belly-up anytime soon. (TMZ

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