YOUR BUSINESS AUTHORITY

Springfield, MO

Home
Digital Edition
Events
Industries
Opinion
Podcasts
Photo Galleries
News Features
Sponsored Content

Log in Subscribe

‘American Idol’ producer files for bankruptcy

Posted online April 29, 2016 | 11:24 am

The producer of "American Idol" and "So You Think You Can Dance" has filed for bankruptcy protection.

Core Media Group cited the falling ratings of "American Idol" - which aired its final episode less than a month ago - and money owed to creditors.

Core owes $420 million to third parties, including Sony Music Entertainment and CBS.

"American Idol" creator Simon Fuller is owed $3.4 million, according to the Chapter 11 filing.

Read more from USA Today.

More from SBJ Daily Update

Flora Farms aims at May opening for Hollister dispensary

Comments

No comments on this story |

Please log in to add your comment

Editors' Pick

Opinion: The transformation of business

Guest columnist Donnie Brawner says many entrepreneurs stray from their original business ventures, which is often a recipe for success.

Most Read

Wash U School of Medicine settles lawsuit with Justice Department

Cinemark sued over drink cup size

Report: Caitlin Clark entering $28M deal with Nike

Monday Morning Business Leads: April 22, 2024

'Civil War' stays on top at box office

The Digital Edition from SBJ

2024 Men of the Year

SBJ.net Poll

Does parking availability impact your decision to visit downtown Springfield?

*

Update cookies preferences