Season 21 of ABC’s American Idol began on February 19, 2023, and with it a whole new group of contestants trying to win the hearts of the judges and viewers. This season a total of 24 contestants participate and compete against each other to win the title of the show.
But what does the winner get once everything is done?
The expense of being on American Idol is considerable, making auditioning and participating in the show financially out of reach for some. However, many still consider victory worth pursuing. So what’s the grand prize for the winner?
What is the American Idol prize money?
The winner of the American Idol contest receives a huge reward. A grand sum of $250,000 and a recording contract with Hollywood Records/19 Recordings awaits them.
This is a once-in-a-lifetime opportunity for aspiring musicians and songwriters, filled with joy and excitement.
Noah Thomason’s $250,000 grand prize as American Idol winner was certainly memorable.
News of her contract first came to light when Madison VanDenburg leaked her season 17 contract to the press. She revealed that the grand prize was initially just $125,000, and that the rest would be earned after completing a full album. in four months. Since then, not much has been discovered about the finer details of the deal.
The recording artist receives a reward of $1,000 each week to cover living expenses and an additional $1,000 for each teacher. It seems like a good deal, but there is a downside.
Since the record label is technically taking a chance on the contestant, they will receive a $300,000 advance to record the album, which they are expected to repay from album sales.
The runner-up may also be offered a record deal, although usually for half of the winner’s contract. This was seen with Madison VanDenburg who was offered $87,500 plus another $87,000 when the album was finished.
Despite the drawbacks, recording contestants have the opportunity to make money through music and potentially land a record deal in the future.
It dropped a lot from the previous season.
Although American Idol remains a competition that offers fame and the opportunity to pursue music professionally, its big prizes have decreased drastically from previous seasons.
Previously, the top five contestants could win up to $100,000, plus potentially sign with the same record label as the winner. This meant more opportunities for contestants to earn money from the show and pursue their dream of becoming professional musicians.
Now, the only thing the final three contestants are guaranteed after the show airs is the opportunity to record a single to use however they want, regardless of whether they become the winner or not.
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Source: vtt.edu.vn