Report: Ryan Seacrest to make more than $10 million for 'American Idol' return

Credit: DaytonDailyNews

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What You Need Know: Ryan Seacrest

Credit: DaytonDailyNews

Ryan Seacrest announced Thursday that he will return as the host of the upcoming "American Idol" reboot on ABC.

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"It's genuinely hard to put into words what 'American Idol' means to me," Seacrest said in a statement of the news. "I'm so grateful for the show and all the career and life opportunities it's allowed me to experience. It's been an incredible journey from day one. To be asked to return this year, at my new home at Disney ABC, is an honor, if not a bit surreal. I believe ABC is the perfect home for 'Idol,' and I've every confidence the show's legions of fans will love it, especially 'Idol's' best traditions of showcasing heartwarming stories, remarkable talent discovery and, best of all, making dreams come true."

According to PEOPLE, Seacrest signed a multi-year deal worth upwards of $10 million. He previously served as the host of the original series for 15 seasons from 2002 to 2016. There were rumors that Seacrest wanted the title of executive producer before signing on as the host of the reboot, but according to TMZ, he did not get that title.

Seacrest currently works in New York City during the week on “Live with Kelly and Ryan” and reportedly plans to fly back and forth to Los Angeles to shoot “American Idol.” He also plans to continue his daily radio show.

Auditions for the reboot of “American Idol” kick off on August 17.

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