1. Headline
  1. Headline

Video: Ryan Seacrest: The $45 million man

Access Hollywood
updated 7/13/2009 9:51:30 AM ET 2009-07-13T13:51:30

Ryan Seacrest has a lot to smile about. The “American Idol” host just closed contract negotiations with CKX — parent company of “Idol” producer 19 Entertainment — which extends his contract with the FOX reality series and creates his own production company.

“I’m truly appreciative of being part of a show that has had such an enormous impact on popular culture across all ages,” Seacrest said in a statement released to Access Hollywood. “I look forward to expanding the relationship with Simon Fuller and Bob Sillerman who share the same visionary approach to entertainment media that I strive for with every project.”

According to The Hollywood Reporter, the three-year deal includes a massive pay raise. Seacrest will reportedly get $15 million per year to host “Idol.”

The new $45 million contract will reportedly make the host exclusive to CKX for TV primetime, hosting “Idol” or any other CKX-produced show that might follow.

Previously, Seacrest earned slightly less than $5 million per season on the hit FOX reality competition.

Copyright 2013 by NBC. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

More on TODAY.com

TODAY's Takeaway
  1. TODAY

    Bloomberg won’t run for president; Jill Biden talks love

    4/16/2014 8:23:03 PM +00:00 2014-04-16T20:23:03
  1. Survey: Would your kitchen pass a health inspection? 

    Every year about 48 million Americans get sick from food poisoning and one in five cases were caused by food eaten at home, according to the Centers for Disease Control and Prevention.

    4/16/2014 9:11:56 PM +00:00 2014-04-16T21:11:56
  1. Valerie Macon / Getty Images

    'Voice' finalists reveal real battle: Old-school style versus girl power

    4/16/2014 10:14:49 PM +00:00 2014-04-16T22:14:49