Katy Perry’s got millions of new reasons to sing all the way to the bank – because she’s taking home a massive paycheck for “American Idol.”
The “Firework” singer is set to earn $25 million from ABC as a judge on the recently revived reality singing competition, TMZ reports.
Executives at ABC – which won a bidding war earlier this month to bring back “American Idol” – wanted to secure a big-name personality for the show ahead of last week’s upfront presentations.
“Katy had all the leverage. If ABC ended up announcing the show without a judge, they’d be screwed,” a source familiar with the situation told TMZ.
The producers behind “American Idol” had previously tried to bring Perry on as a judge in 2012, when the series still aired on Fox, but Perry turned down a $20 million offer, according to the gossip website.
Perry, 32, was officially announced as the first judge for ABC’s version of “American Idol” early last week.
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