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Entertainment News'American Idol' Filed for Bankruptcy? Production Company is Now in Trouble

‘American Idol’ Filed for Bankruptcy? Production Company is Now in Trouble

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The production company behindĀ American IdolĀ has filed for bankruptcy less than a month after the show’s final episode aired.

Core Media Group filed for Chapter 11 bankruptcy protection on Thursday, saying they have not been able to find a way to replace revenue earned from the reality singing series.

The show’s ratings were once the best on television and averaged more than 20 million viewers every season from 2003 until 2011, according to reports, It reached a high point with an average of 31 million viewers in 2006, and was the highest rated show on TV for 8 consecutive seasons.Ā But ratings crashed towards the end. The final episode, which aired in early April only had 13.3 million viewers.

However, it’s important to point out that Core Media group not only producedĀ American IdolĀ but also produced the hit TV seriesĀ So You Think You Can DanceĀ and managed the careers of several American Idol winners and finalists.

American Idol

Via CNN Money

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Megan Dianehttps://www.projectcasting.com
Hi, I'm Megan Browne, the Head of Partnerships at Project Casting - a job board for the entertainment industry. As Head of Partnerships, I help businesses find the best talent for their influencer campaigns, photo shoots, and film productions. Creating these partnerships has enabled me to help businesses scale and reach their true potential. I'm excited to continue driving growth by connecting people with projects they're passionate about.

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