May 11, 2011 |
The nation's most popular television show — "American Idol" — will be owned by private equity. Apollo Global Management has struck an all-cash deal to acquire CKX Inc., the parent of 19 Entertainment, producer of Fox's hit show, for $5.50 per share, putting the purchase price at about $509 million, a 25% premium from where CKX stock closed Monday. The sale, which is expected to close within the next two months, would end a period of uncertainty for CKX. In the last few years, several suitors including "American Idol" creator Simon Fuller, CKX founder and former chairman Robert F.X. Sillerman and Hollywood dealmaker Allen Shapiro have each made overtures at CKX only to come away empty-handed.
October 18, 2011 |
The morning after "The X Factor's" American premiere last month, Simon Cowell got a call from his agent at Creative Artists Agency. The ratings were nowhere near the monster hit Cowell himself had predicted, but the agent believed that if the 12 million or so people who turned up for the premiere kept tuning in, the show would be fine. "But if you go down by 30% tonight, you're dead," Cowell remembered his agent adding ominously. Nearly a month later, "X Factor" still doesn't look ready to slay Cowell's old employer, "American Idol," in the TV-singing-competition grudge match.
February 1, 2012 |
Long the nation's most popular television series, "American Idol"has suddenly started to hit some flat notes - and it's threatening the money-making machine that has vaulted the Fox network to the top of the broadcast race. Although it's still a big hit that other networks would love to have, "Idol's" ratings this month slid to the lowest level since its debut in summer 2002. And last week for the first time, "Idol" was beaten by a head-to-head competitor,CBS'surging sitcom"The Big Bang Theory,"in the major ratings categories.
July 14, 2012 |
Next week, thousands of wannabe superstars will descend on New Orleans to audition for Fox's "American Idol" in pursuit of their dream of being the next Carrie Underwood or Adam Lambert. But who will ultimately judge their fate is now a mystery. Like a baseball owner angry that his team made the playoffs but didn't win the World Series, Fox is overhauling the popular musical talent show after a season that saw its viewership fall by 23% and NBC's"Sunday Night Football" franchise surpass it as the most popular program on television.
August 20, 2002 |
Only a few moments after a live broadcast of Fox's "American Idol" had gone off the air and the cameras had gone dark on the Hollywood sound stage where the series is taped, the already giddy level of the contestants vying for fame and fortune went into overdrive as they made a beeline for Simon. "How do you think we really sounded?" asked one "Idol" hopeful of the smiling British show-business mogul. "Does Madonna watch the show?" inquired another.
August 6, 2009 |
Now that Paula Abdul has voted herself off of Fox's "American Idol" after eight years as a judge on the hit talent show, the question is whether there will be a recount or if she will seek office somewhere else. With auditions for the ninth season of "American Idol" starting Friday in Denver, the odds of Abdul getting one of the show's judges' patented saves from the network seem long but not impossible.
April 29, 2003 |
Shrieks of excitement interrupted the bustle in the offices of 19 Entertainment last week when the usually low-profile company won an apparently historic Hollywood trifecta -- the top-rated television show, the bestselling album and the chart-topping single, simultaneously. It's the kind of accomplishment that would elicit self-congratulatory news releases if it had been achieved by an industry giant such as Sony, Disney or AOL Time Warner. But that's not the style at 19 Entertainment.
August 18, 2007 |
Jordin Sparks has signed the record contract that comes with winning "American Idol." The bubbly 17-year-old inked a deal with Jive Records in conjunction with 19Recordings, the label managed by "Idol" creator Simon Fuller, it was announced Friday. Her debut album is slated for release in November. She'll offer a taste of the disc with her new single, "Tattoo," to be released to radio stations Aug. 27.
September 14, 2004 |
Simon Fuller, the creator of "American Idol," is suing one of the show's hosts, Simon Cowell, over a new talent show in England that Fuller says is a rip-off of the original, the Hollywood Reporter said. Fuller accuses the producers of "The X Factor," who include Cowell, of infringing on the copyright of "Idol." The new show features a panel of judges passing judgment on aspiring actors.