X Factor 'drops £1 million prize'
Published 19/10/2011 | 16:26
IT used to offer contestants the chance to win a £1 million recording contract, but the X Factor talent show has now quietly dropped the prize offer, it has been reported.
It has emerged that winners would need to record four albums to reach the seven-figure sum - though a number of acts have only managed one before being dropped.
Contracts signed by the finalists in this year's series have revealed that the winners will receive an advance of just £150,000 for their first album, the Sun reported.
The documents show that the winning artist would then be in line for £237,500 for a second, £315,000 for a third, and £400,000 for a fourth, according to the newspaper.
However acts such as Joe McElderry and Leon Jackman were dropped after just one album. Stars of the show are signed up by boss Simon Cowell's Syco record label.
Last year's winner Matt Cardle last week told Look magazine: "When I got the record deal I got an advance to keep me housed and fed while making my album. The million pound thing, that's just for TV."
X Factor had in the past always billed the winning prize as a "£1 million recording contract" but is understood to have quietly dropped this in 2009, according to the Sun.
Meanwhile, Cowell is reported to have reprimanded producers of the show after audience figures plunged at the weekend, when two million fewer tuned in than at the same stage of the contest last year.