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Idol Monkees
03-02-2012, 12:14 PM, (This post was last modified: 03-02-2012, 03:46 PM by buzzenator.)
#1
Idol Monkees
[Image: i2235.jpg?uuid=oOPWxF4mEeG77MN7UovEkA][Image: album-headquarters-deluxe-edition-2-cd.jpg]

In 46 years the television landscape has constantly changed, the more things change the more they stay the same. TPTB in television are interested in making profits and the old tried and true capitalistic formula is buy low and sell high.

In 1966 they rolled out a made for TV boy band and new genre of show...The Monkees. It was a big hit, but only lasted two years on prime time TV. However, The Monkees did not rollover and die, but took on a cult-like following similar to the TV show Star Trek.

In a recent article from Yahoo Music, Lyndsey Parker writes about her rememberance of Davy Jones and The Monkees. http://music.yahoo.com/blogs/stop-the-pr...17017.html
She was first introduced to them as a young child while watching re-runs of the show on MTV in the '80s. Parker states, "Looking back, the Monkees' influence is obvious, extensive, and impressive. In a post-MTV age when television and music are so utterly intertwined, be it on reality shows like "American Idol" and "The Voice" or scripted shows like "Glee" and "Smash," the band's legendary television series, which made them the first music artist to win two Emmy Awards, was a clear ground-breaker and game-changer."

She continues..."the Monkees had actually evolved from a "fake" band, initially barred from having any real input into their music, to a REAL band that wrested control of the artistic process and somehow, against all odds, successfully made the transition to legitimate music-makers."

One cannot help but see the same TV formula played out today. TPTB find off-the-street wannabees and turn them into a hit reality TV show...the old rags to riches, American dream come true, mom and apple pie...pass me the remote control.

Two years of prime time TV for The Monkees is a lifetime compared to the 15 minutes most contestants receive on American Idol...the majority of whom have already faded or are fading away into obscurity, as reflected in the picture above from the current AI11 season. The Idol money making machine takes straw and turns it into gold...what a great business.

Just look at the numbers from the Idol Tour...and what Idol contestant does not want to go on tour, with "the other stars of the Playtone Galaxy"? If I'm running the tour and my one and only act costs me $11,000 per night (Season 10), normally 10K for all other years, and the gross receipts from each night are $500,000 or greater...life is good! However, this is pocket change compared to the profits made on the prime time TV show.

In a New York article from last year, despite paying Ryan Seacrest $15 million per season, the show has an astounding 48% operating profit margin, which is sadly down 17% from the previous year. http://www.deadline.com/2011/05/ryan-sea...on-at-ckx/

"American Idol host Ryan Seacrest’s fat contract with CKX — the quirky company that owns the rights to the show — seems to have done a number on Idol’s profits. Despite all the upbeat talk about Idol’s ratings resurgence so far this year (2011), the show’s 1Q operating profit for CKX of $13.6 million was down 17% vs. the same period last year on revenues of $28.4 million, down 2%. Publicly traded CKX breaks out results for Idol because it accounts for about 53% of the company’s revenues, which also include licensing income for Elvis Presley and Muhammad Ali (Buzz note: See Haley Reinhart connection). The report is as good a barometer as you’ll find for Idol‘s economic performance: CKX collects a license fee from Fox, as well as revenue for Idol-related syndication, sponsorship deals, merchandise and its concert tours. But CKX’s 48% operating profit margin for Idol in the three months that ended in March was the lowest 1Q result for the show since 2006, when CKX began reporting the show’s finances."

Idol contestants, like their TV predecessors, will always be fed into the money making machine, producing gold for AI, and for a few...they will come out with gold glitter and experience more than 15 minutes of fame...like a star!

-------------------------------

Further reading about music finances affected by The Monkees from Forbes: (including Dina Lapolt quote, Haley's attorney)

http://www.forbes.com/sites/zackomalleyg...d-madonna/
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03-02-2012, 01:09 PM,
#2
RE: Idol Monkees


The low cost of production versus the ratings is what makes reality television so attractive to the networks.

In the "The Voice' article I linked to earlier today, they noted:

Quote:Before “The Voice” rose to the top spot in ratings, a 30-second spot was $250,000, while a spot on top-rated “American Idol” was over $500,000. Mr. Burke noted: “The variable costs don’t change. So revenue doubles when you’re the No. 1 show.”
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