Idol Renewed for Additional Seasons
Clay mentioned near the bottom of this Press Release today from 19E owner CKX Inc about the renewal of American Idol for an additional 5 seasons and the development of AmericanIdol.com.
CKX Announces New American Idol Agreements With FOX and SonyBMG
FOX Guarantees At Least Four Additional Seasons of Hit Television Show;
SonyBMG to Continue to Serve as Record Label for Idol Artists
NEW YORK, Nov. 29 /PRNewswire-FirstCall/ -- 19 Entertainment Limited, a
wholly-owned subsidiary of CKX, Inc. (Nasdaq: CKXE), together with Simon
Cowell, Fox Broadcasting, FremantleMedia and SonyBMG, issued a joint
announcement today confirming they had reached agreements that will guarantee
at least four, and as many as six, more seasons of American Idol beginning
with American Idol 5, which is set to air starting in January 2006. As part of
the deal, Fox announced that it had reached an agreement with Cowell to keep
him on the hit series for at least five additional seasons.
SonyBMG will continue as the designated record label for winning
American Idol contestants and 19 Entertainment will receive from
SonyBMG a larger percentage of the revenue from the sales of recorded
music from future American Idol artists.
19 Entertainment, based in the United Kingdom, is a leading creator and
producer of entertainment properties, including American Idol in the United
States, Pop Idol in the United Kingdom, as well as versions of the Idol format
in more than 30 countries around the world. The company has recording
contracts with and/or manages or has managed former American Idol and Pop Idol
participants, such as Carrie Underwood, Bo Bice, Kelly Clarkson, Clay Aiken,
Ruben Studdard and Fantasia as well as some of the world's best-known
musicians and other artists, including the Spice Girls, Annie Lennox and
S Club 7. 19 Entertainment created and co-produces the hit television show
So You Think You Can Dance? which aired on Fox during the summer of 2005 and
was the number one rated show in its time slot. The company has also entered
into an exclusive global joint venture with David Beckham, one of the most
recognized athletes in the world, and Victoria Beckham, an influential symbol
in both the fashion and music worlds.
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