The show, which produced singers that are now making names for them, has taken a break from the air due to bankruptcy issues. American Idol is about to make a comeback. The producers have secured an agreement in court for a reboot.
The series first premiered on FOX. The crew has taken the step to talk with NBC for a revival of the show, reports TV Series Finale. The show ended in 2016 after 15 seasons.
The producers made some progress for the show. 19 Entertainment and FremantleMedia Limited agreed before the court to launch again a new season of the show. They sought a new license agreement with a network, broadcaster, of other media entity subject to terms and conditions agreed upon.
The Hollywood Reporter said that FremantleMedia wants to make a reboot and pitched to NBC. But this requires them to make a deal with 19 Entertainment to be allowed to air again. The court approved the settlement and the relaunch might happen soon.
19 Entertainment previously filed for bankruptcy. It was after the company suffered a financial loss during Season 15. Eventually, it ended following the inability of the company to sustain the operation.
After five months, the lenders and the debtors reached a deal and the indebtedness was lowered down to $385 million. As a result, the agreement allowed 19 Entertainment to make a re-organization. Until today, the company still exists.
The owners of FreemantleMedia and 19 Entertainment tried hard to make an agreement that dealt with long time issues. They returned the agreement papers to the bankruptcy judge so that it would be assumed post-bankruptcy.
American Idol To Stage A Comeback
The agreeing parties are now called NEG Operations, Inc. They considered it as a successor-in-interest to the American Idol rights of 19 Entertainment. The series will now give credits to the new name once they release the show again.
But this is not the only update about American Idol. Despite the agreement, there are still cases pending against Fox, Endemol and another private company on the way. It was due to the allegations that they misused the funds of the parent company Core Media.
Stay tuned for updates on the stage comeback of the exciting singing reality show on television. There is a possibility that the former judges might this time. Some of the possible candidates are Jennifer Lopez, Keith Urban, and the rest of the other judges. But whatever will be decided upon, American Idol might establish a new set of judges for the reboot.
Photo Source: Facebook/American Idol