Is 'American Idol' Owner Bankrupt?

Core Media Group, the company behind American Idol and So You Think You Can Dance producer 19 Entertainment, has filed for Chapter 11 bankruptcy protection in New York.
Core was announced as a part of the Endemol Shine joint venture that 21st Century Fox and Apollo Global Management created in 2014. But as Idol has now aired its last show, it now it has emerged that Core operated under its own capital structure amid debt.

19 founder Simon Fuller is the company’s no. 1 creditor and is owed $3.37 million.
More to come…

Thanks to Billboard