It’s official: Leon Black’s Apollo Global Management owns CKX, the company that billionaire Robert F. X. Sillerman created to capitalize on TV hits including American Idol and So You Think You Can Dance, and the licensing rights to Elvis Presley and Muhammad Ali. The final price came to about $510 million or $5.50 a share. In CKX’s heyday, in May 2005, the stock sold for close to $30. Apollo will have its hands full: CKX must negotiate a new Idol deal with Fox, and develop plans to fix up Graceland, Presley’s former home that’s now a tourist attraction. Sillerman, who amassed his fortune trading radio stations and concert venues, now is building Function (x), an investment firm that plans to focus on media and entertainment ventures with special attention to digital and mobile technologies.
American Idol host Ryan Seacrest will unveil the new panel of judges for the Fox reality show on Wednesday, September 22nd, at the Forum, the network said. With so much speculation about Idol‘s judges all summer, there is not much suspense left for what is expected to be an official …
Fox just issued a statement confirming that Kara DioGuardi won’t be returning to American Idol next season. News comes as Jennifer Lopez is finalizing a deal to join the Fox series and amid speculation that Idol might be reverting to the original three-judge format. Also closing in on a deal for the reality series is Aerosmith frontman Steven Tyler. And executive producer Nigel Lythgoe said last weekend he’s still trying to land Elton John. So Randy Jackson will be the only returning panelist after Simon Cowell, Ellen DeGeneres, and now DioGuardi have gone.
It looks like Fox will be able to confirm shortly at least one new member of the American Idol team for next season, returning executive producer Nigel Lythgoe whose deal has been completed and is expected to be announced tomorrow. At Fox’s TCA presentation on Monday, the network’s entertainment chairman Peter Rice stated that ”the only thing I an tell you with absolute certainty is there are no signed deals with anyone on either side of the camera who wasn’t on the show last year,” referring to judges as well as Lythgoe.
Despite speculation about the new judges on American Idol reaching fever pitch, word is that Fox will not make any announcements at its TCA presentation Monday as previously anticipated. On the other hand, new ABC Entertainment Group president Paul Lee, who had been a question mark for ABC’s TCA session …
JENNIFER LOPEZ IS NEW ‘IDOL’ JUDGE! Closed Deal This Week; Replaces Ellen Who Wanted Out of Contract: “It’s Not Been Fun”
EXCLUSIVE UPDATE 6:30 PM: We’ve just learned the backstory of how Ellen DeGeneres bowed out of American Idol and who will be the new judge taking her place. It’s Jennifer Lopez, whose singing and acting career has been on the skids after her recent movie failed at the box office in the spring and she was dropped by her record company Sony Music Epic Records this past winter. We hear her manager Benny Medina (whom she once fired) orchestrated the meeting with the American Idol producers a month ago, and negotiations have been ongoing ever since. We’ve learned a deal was closed earlier this week under the utmost secrecy. Today’s news came shortly after Nigel Lythgoe returned to Idol as an executive producer. He has vowed to shake up the show’s team of judges in the wake of the departure of Simon Cowell, publicly stating that he always thought a panel of three and not 4 made the most sense.
Still to be decided is who will replace Simon Cowell. Everyone associated with the show wants Elton John, but we hear he’s asking for too much money and has too many touring commitments he can’t get out of. (Denials That Justin Or Elton Judging ‘Idol’) 2ND UPDATE: Tonight, unconfirmed reports say Idol has offered Cowell’s judge seat to Steven Tyler. 3RD UPDATE: And another unconfirmed report claimed judge Kara DioGuardi has been fired to bring the panel count down to just 3, not 4.
As for Ellen Degeneres, we’re told she wanted off the show two months ago and complained that Idol producers “couldn’t control Cowell”, one insider tells us. Least of all Cecile Frot-Coutaz, the CEO of FremantleMedia North America. “Cecile is doing X Factor with Simon, so she’s in his back pocket.” DeGeneres and her reps went in to to see Fox Broadcasting’s Entertainment Chairman Peter Rice and Alternative TV President Mike Darnell and asked to be let out of the year left on her contract. “She’s not comfortable. She’s not happy. It’s not been fun,” Fox was told. But Rice and Darnell responded that, with Cowell leaving, “We can’t let you out now because it would be bad for our franchise. Give us a chance to figure out who we could get.” In the end, all the show’s producers – Fox, Fremantle, and 19 Entertainment – worked it out. “Peter Rice was awesome,” an insider tells us. “Ellen is thrilled and relieved.” We’ve learned that serious conversations took place between Idol and Jessica Simpson to replace Ellen. But once Jennifer Lopez was locked in this week, the DeGeneres announcement went out.