The company behind 'American Idol' has filed for bankruptcy


 

The producer of "American Idol" has filed for bankruptcy less than a month after the show's final episode aired.

 

 

 Center Media Group petitioned for Chapter 11 liquidation insurance on Thursday, saying it has not yet figured out how to supplant income earned from "American Idol."

The show was before an appraisals juggernaut and tremendous benefit driver for Fox. It arrived at the midpoint of more than 20 million viewers each season from 2003, it's second year reporting in real time, through 2011, as indicated by appraisals tracker Nielsen.

It achieved a high point with a normal of almost 31 million viewers in 2006, and was the top of the line show on TV for eight back to back seasons.

In any case, its appraisals fell hard a while later. Before the end, it was no more even Fox's first class program, losing that refinement to the new show Empire. The last scene, which publicized toward the beginning of April, drew around 13.3 million viewers.

Center's loan bosses incorporate Sony Music Entertainment, Goldman Sachs and CBS Broadcasting.

Center additionally delivered the hit arrangement "So You Think You Can Dance," and dealt with the vocations of different American Idol champs and finalists, as indicated by its site.

- Chris Isidore added to this report

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