Late last night, “The Hollywood Reporter” reported that Simon Cowell is in the midst of finalizing a new three-year deal with “American Idol.”
According to “THR,” that announcement was made by CKX (19 Entertainment’s parent company) executives during an earnings conference call. CKX Chairman and CEO Robert Sillerman said, “We've heard from Fox, who has asked us for approval for Simon Cowell to appear for three more years on ‘Idol.’ They, in their negotiations with Cowell, have asked us to pre-approve him not only for ‘American Idol’ ‘09, which has begun taping, but they have also asked us for approval for ‘10 and ‘11, indicating to us that they're finishing their negotiation with Cowell. We did grant approval for that quite obviously.”
Allthough 19 is the brainchild behind “Idol,” FOX writes the checks for the talent. 19 and co-producer Fremantle Media propose their choices and FOX signs off, according to Sillerman.
Sillerman did not talk figures, but reports have Simon getting a raise to $45 million a year, up from last year’s $36 million.
FOX has yet to comment on the report.
I really thought that Simon would reconsider without Paula, but I guess for $45 million, he can put up with Kara…
Photo Credit: FOX