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American Idol Season 11 Takes Off On Fox While Ryan Seacrest Launches His Own Network With Mark Cuban

American Idol

American Idol

Well, it finally Happened, American Idol hit a raitings slump for its debut episode of season 11 this past Wednesday (January 18).  Normally a ratings juggernaut, the vet music competition show experienced a 27 percent drop in the 18-49 demographic for its premiere episode.  Don’t feel too bad though. Although that 27 percent hit was a likely wilting of pride for for Fox executives, American Idol was still able to maintain a sizable lead a head of last night’s competition.  According to The Hollywood Reporter, Idol still dominated over all other networks, beating out runner up ABC by 140 percent. Therefore, Fox and the AI crew probably have nothing to worry about.  If the day ever comes when Fox does decide to cancel the show, perhaps show executives will turn to its host for help.

In addition to his American Idol hosting duties last weekt, Ryan Seacres also recently officially announced that he will be partnering with billionaire Mark Cuban, CAA Creative Artist Agency, and leading Sports and Entertainment company AEG to form AXS TV.  To support this extensive joint venture, Ryan has formed Seacrest Media. Seacrest Media holds an ownership stake in AXS TV.  According to Allaccess.com, Seacrest Media will be granted ownership in return for providing the network “access to multi-media platforms, and celebrity and brand relationships, as well as assist in the corporate brand development.”

Ryan’s independent entertainment production company, Ryan Seacrest Productions will also develop content for the new network. Production facilities for AXS will will be at AEG’s L.A. Live.  As a result, that base will include venues like, The Staple Center, Nokia Theatre, and The Grammy Musium.  This will more than likely provide Axs and Ryan.