To: "American_Idol_Extra@yahoogroups.com" <American_Idol_Extra@yahoogroups.com>
Sent: Friday, May 27, 2011 8:24 PM
Subject: Re: [American_Idol_Extra] What Scotty McCreery Earns for Winning 'American Idol'
To: American_Idol_Extra@yahoogroups.com; TelevisionMoviesandTheater@yahoogroups.com
Sent: Friday, May 27, 2011 7:25 PM
Subject: [American_Idol_Extra] What Scotty McCreery Earns for Winning 'American Idol'
Is winning "American Idol" becoming less lucrative?
This year, 17-year-old Scotty McCreery was declared the winner. He's
now due at least $250,000 in advances for winning the show and
recording the first album.
Because McCreery is a minor, producers had to take his contract to a
judge for approval. (The type of judge that wears a black robe -- not
the one who dances to salsa music on-stage.) It's not technically a
requirement, but most producers do so anyway to avoid any possible
future disputes over the contract's validity.
By saving themselves peace of mind, producers open these contracts up
for public inspection, and so Billboard took a peak at what McCreery
is getting for winning this season. Besides the $250,000 advance,
McCreery also will be earning tens of thousands of dollars more for
granting Idol partners likeness, merchandise and endorsement rights.
The sum is a good figure for someone who was unknown a year ago, but
McCreery might not be doing quite as well as previous winners from
past seasons. A contract submitted to a judge for Season 7 runner-up
David Archuleta revealed he was due to earn $360,000 for an album.
McCreery also seems to be accepting a "360 deal" that pretty much
allows producers and record labels to share in non-music related
revenue like merchandise.
Negotiations over these deals finish before the finalists are
announced. Each year, contestants on Idol host their own private side
competition to pick a lawyer who will represent them en masse. This
year, there were actually co-winners to that prize: Craig Marshall and
Gary Gilbert of Manatt, Phelps & Phillips.
More:
http://www.hollywoodreporter.com/thr-esq/what-scotty-mccreery-earns-winning-192772
--
Together, we can change the world, one mind at a time.
Have a great day,
Tommy
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