Did American Idol Go Bankrupt In 2016?

Yes, the American Idol owner did indeed record for Chapter 11 bankruptcy back in 2016. At the time, Core Media used to be sitting on an enormous debt value $398 million. Once the season of Idol came to an end, Core was planning to restructure behind the scenes. The author of Idol Simon Fuller was once owed $3.37 million at the time of the Chapter 11 filing. Core known as its structure "unsustainable" and used to be in want of fast adjustments behind the scenes. Since then, American Idol has shifted its production with Fremantle and 19 Entertainment, part of Sony Pictures Television.

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