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What really happens to the $5million X Factor prize

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TV News /

What really happens to the $5million X Factor prize

The X Factor USA revealed its final 17 contestants that will be battling it out for the advertised $5million prize that is on offer to the winner. But how much of that $5million will the winner of The X Factor USA really, actually get their hands on and where will the rest of it go?

Well it has been announced today that the UK version of The X Factor have dropped their £1million prize offer, as the winner never actually sees it. In fact X Factor bosses have claimed that it would take four albums before it would even reach the £1million mark.
 
Last year’s winner Matt Cardle even admitted so, saying, "I got an advance to keep me housed and fed while making my album. The million pound thing, that's just for TV." It seems that much of the money that is won by the winner is actually spent on other things.
 
The winner will spend time in a studio with a top producer, which costs money. Then there are stylists, publicists, managers and PR’s all of whom need to be paid. There is also the need to promote the winner and the records. So in reality, if The X Factor USA follows suit, the winner is more likely to receive around the $1-2million mark rather than the $5million which is advertised.
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