America’s Got Talent – The $1 Million Prize Money Looks Shonky
America’s Got Talent is a surprisingly entertaining show. The local version here is not one of my favourite programs, but the US version has a lot of energy and pizazz to it.
This is due to the cast of judges Howard Stern, Sharon Osbourne, Howie Mandel, and host Nick Cannon. In fact shock jock Stern is particularly funny.
However when is a million dollars not a million dollars? Well when you win the prize money on this show.
In the credits there was this little gem which showed some very creative accounting:
“The prize, which totals $1,000,000, is payable in a financial annuity over forty years, or the contestant may choose to receive the present cash value of such annuity.”
That is $25,000 a year if you go the annuity and taking the cash up front would clearly mean getting a lot less than the $1 million Not the fortune of cash you thought was being showered down upon you.
And yes I will be ringing the networks on Monday to find out if this creative accounting occurs on our local shows.
America’s Got Talent on Fox 8, Thursday and Friday nights at 7.30pm.