What is the contract for American Idol winners?

The American Idol winner gets $125,000 when they sign the contract and the remaining $125,000 when they complete an album, which they have four months to do. They also have a budget of as much as $300,000 to record that album, which is given as an advance that they will have to pay back against future earnings.

What happens after winning American Idol?

The winner received a record deal with a major label, which may be for up to six albums, and secures a management contract with American Idol-affiliated 19 Management (which has the right of first refusal to sign all contestants), as well as various lucrative contracts.

Does American Idol winners have to pay royalties?

The contract states that the winner of American Idol receives $250,000, but not all in one shot. They first get $125,000 and only get the second half of the money once they complete their album under Hollywood Records. Each of their first three albums under the label has a 15\% royalty rate.

How long was Kelly Clarkson’s contract with American Idol?

Well, now she is free of the record deal she won on American Idol and she couldn’t be more ‘delighted’. Part of the prize on Idol was a record contract. The thing was, at least in Kelly’s day, it was a seven record deal. So, now 16 years later she finally was able to get out of the deal when she released her 7th album.

Who are the finalist on American Idol 2021?

The top three finalists – Grace Kinstler, Chayce Beckham, and Willie Spence – will take the stage one last time to perform in hopes of securing America’s vote and, ultimately, become this season’s winner.

What is Brandon Blackstocks net worth?

What is Brandon’s net worth? Blackstock is reportedly worth around $5million. He is the CEO of Starstruck Management Company, which he co-owns with his father.

Who withdrew from American Idol 2021?

After dropping out of the American Idol finale Sunday, season 18 contestant Arthur Gunn has released an official statement, posting a note on Instagram that explained his decision to leave the ABC show so abruptly. (And lamenting his choice to give up a chance to perform with singer Sheryl Crow.)