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“American Idol” Owner Core Media Allowed to Terminate Deal with Simon Fuller

Submitted by jhartgen@abi.org on

Core Media has been given an escape hatch from its agreements with Simon Fuller, the creator of “American Idol.” Bankruptcy Judge Stuart Bernstein granted a motion that will cause Fuller to lose out on a 10 percent profit share from Idol as well as “So You Think You Can Dance,” The Hollywood Reporter reported yesterday. The development comes amid an escalating feud between Fuller and Core Media, the parent company of 19 Entertainment that filed chapter 11 protection in April after Fox canceled the long-running singing competition show. Fuller has been hounding the company for several million dollars and has hinted at bringing fraud claims. In reaction to Fuller's demands, which came as Core was working with its lenders to restructure almost $400 million in debt, Core wanted an order pursuant to bankruptcy code authorizing the rejection of Fuller's consulting agreements. Back in 2010, when Fuller left 19 Entertainment, he signed a lucrative deal that entitled him to substantial payments in return for executive producer and consulting services.