Fox announced the terms call for him to receive $30 million to stay on with the Simon Fuller-produced show for two more seasons. Seacrest, who has served as host of the hit show since its 2002 debut, called his run on the show so far a wild ride: “For the last 11 seasons, I’ve had the privilege to be a part of one of television’s most iconic shows. It’s been a wild ride, and I’m excited for my journey with ‘American Idol’ to continue. The legions of fans, amazingly talented contestants, judges, and producers, along with the hard working ‘Idol’ crew, impress me every time we go on air and make hosting the show a dream job. I especially appreciate the support and confidence of Peter Rice, Mike Darnell and the entire Fox team – as well as the support of everyone at FremantleMedia North America – and I look forward to continuing our partnership.”
Seacrest is, of course, becoming a media giant: He also hosts his ongoing radio show “On Air With Ryan Seacrest”; his production company Ryan Seacrest Productions is responsible for E!’s Kardashians programming; his hosting duties on “New Year’s Rockin’ Eve,” and his recent deal to contribute to NBC’s Olympics coverage.