'American Idol' production company just filed for bankruptcy

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It was a great 15-year run, but all good and in-tune things must come to an end.

This one just happens to end in a bankruptcy claim.

"American Idol," one of the first shows to set the stage (no pun intended) for this decade's obsession with reality television competitions, is finally seeing a brutal curtain close nearly weeks after it aired its final episode ever, thanks to the financial standing of Core Media Group.

Core Media Group, the company that produces "Idol," as well as "So You Think You Can Dance," filed for bankruptcy on April 28.

A look through the last episode ever of "American Idol":​

45 PHOTOS
American Idol Finale
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'American Idol' production company just filed for bankruptcy
HOLLYWOOD, CALIFORNIA - APRIL 07: American Idol Season 15 winner Trent Harmon performs coronation song onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: American Idol Season 15 winner Trent Harmon (R), host Ryan Seacrest (L) and finalist La'Porsha Renae speak onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: American Idol Season 15 winner Trent Harmon (C) performs coronation song with cast of Season 15 onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: American Idol Season 15 winner Trent Harmon (R) and finalist La'Porsha Renae embrace onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
George Huff performs at the "American Idol" farewell season finale at the Dolby Theatre on Thursday, April 7, 2016, in Los Angeles. (Photo by Matt Sayles/Invision/AP)
Trent Harmon, winner of "American Idol" The Farewell Season celebrates with fellow contestants during the season finale at the Dolby Theatre on Thursday, April 7, 2016, in Los Angeles. (Photo by Matt Sayles/Invision/AP)
Ryan Seacrest, left, and Carrie Underwood speak at the "American Idol" farewell season finale at the Dolby Theatre on Thursday, April 7, 2016, in Los Angeles. (Photo by Matt Sayles/Invision/AP)
Kris Allen performs at the "American Idol" farewell season finale at the Dolby Theatre on Thursday, April 7, 2016, in Los Angeles. (Photo by Matt Sayles/Invision/AP)
William Hung performs at the "American Idol" farewell season finale at the Dolby Theatre on Thursday, April 7, 2016, in Los Angeles. (Photo by Matt Sayles/Invision/AP)
HOLLYWOOD, CALIFORNIA - APRIL 07: (L-R) Season 1 judges Paula Abdul and Randy Jackson and the cast of Season 15 present host Ryan Seacrest with a gift onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CA - APRIL 7: Judge Jennifer Lopez performs onstage at FOX's American Idol Season 15 Finale on April 7, 2016 at the Dolby Theatre in Hollywood, California. (Photo by Ray Mickshaw/FOX via Getty Images)
Phillip Phillips performs at the "American Idol" farewell season finale at the Dolby Theatre on Thursday, April 7, 2016, in Los Angeles. (Photo by Matt Sayles/Invision/AP)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artists Keith Urban (L) and Carrie Underwood perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Host Ryan Seacrest (L) and Brian Dunkleman speak onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: (L-R) Recording artists Harry Connick, Jr., Jennifer Lopez and Keith Urban enter onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Actress/singer Jennifer Lopez greets fans onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Singers Trent Harmon (L) and La'Porsha Renae perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Host Ryan Seacrest (L) and Brian Dunkleman speak onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Singers Trent Harmon (L) and La'Porsha Renae perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Fans attend FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: (L-R) Recording artists Pia Toscano, Kimberley Locke, Allison Iraheta, Jordin Sparks and Tamyra Gray perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: (L-R) Recording artists Jordin Sparks, Allison Iraheta, Tamyra Gray and Justin Guarini perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artist Jordin Sparks performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artist Pia Toscano performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artist Jordin Sparks performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artists Justin Guarini (R) and Jordin Sparks perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artist Colton Dixon performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artists Kimberley Locke (L) and Allison Iraheta perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artist Chris Daughtry performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Singer Bo Bice performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: (L-R) Recording artists Caleb Johnson, Constantine Maroulis, Chris Daughtry, James Durbin and Bo Bice perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artists Constantine Maroulis (L) and James Durbin perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artist James Durbin performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: (L-R) Recording artists Bucky Covington, Ace Young, Constantine Maroulis and Scotty McCreery perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artist Jessica Sanchez performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Singer Carly Smithson performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artists Katharine McPhee (L) and Casey James perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CA - APRIL 7: Judge Jennifer Lopez performs onstage at FOX's American Idol Season 15 Finale on April 7, 2016 at the Dolby Theatre in Hollywood, California. (Photo by Ray Mickshaw/FOX via Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Singers Marley Fletcher (L) and Harry Connick, Jr. perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artist Fantasia performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Singer Candice Glover performs onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Host Ryan Seacrest speaks in the audience during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: American Idol Season 15 winner Trent Harmon (R), host Ryan Seacrest (L) and finalist La'Porsha Renae speak onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: American Idol Season 15 winner Trent Harmon (R), host Ryan Seacrest (L) and finalist La'Porsha Renae speak onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CALIFORNIA - APRIL 07: Recording artists Keith Urban (L) and Carrie Underwood perform onstage during FOX's 'American Idol' Finale For The Farewell Season at Dolby Theatre on April 7, 2016 in Hollywood, California. at Dolby Theatre on April 7, 2016 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
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The company owes an estimated $400M in debt to creditors across the board.

These creditors include individual people, such as "Idol" creator Simon Fuller (who is owed around $3.4M), third-party networks like Sony Music Entertainment and other investment funds that fronted loans to Core in the early days of "Idol."

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In a statement alongside the Chapter 11 filing, Core President Peter Hurwitz pointed to the show's recent failures as a major reason for the filing:

"Despite its long-running success, however, the company has recently experienced deterioration in its financial performance, primarily attributable to the decline in ratings for American Idol and the corresponding decline in revenues from IDOLS- related broadcast fees, international tape sales for rebroadcasts, touring fees, sponsorships and IDOLS- related merchandise sales."

Translation: Gone are the golden Kelly Clarkson and Clay Aiken days.

"Idol" hit its peak in 2007, when it drew in nearly 37M viewers for its season 6 premiere.

The bankruptcy filing reports that earnings from "Idol" dropped a whopping $15M in 2014, and revenue from the show alongside other shows run by Core Media dropped $35.6M in the first half of 2015.

Core Media, however, is not giving up the good fight just yet.

In a statement to Fortune, a representative of the company said:

"[The bankruptcy filing] will help best position the company for the future, allowing for more flexibility and a platform for growth."

We're curious to see what ideas they have up their sleeves.

RIP "American Idol," we miss you already!

Now, take a look at the "American Idol" winners throughout the years:

14 PHOTOS
American Idol Winners
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'American Idol' production company just filed for bankruptcy

Kelly Clarkson

(Photo via Getty Images)

Ruben Studdard

(Photo via Getty Images)

Fantasia Barrino

(Photo via Getty Images)

Carrie Underwood

(Photo via AP)

Taylor Hicks

(Photo via AP)

Jordin Sparks

(Photo via AP)

David Cook

(Photo via Getty Images)

Kris Allen

(Photo via Getty Images)

Lee DeWyze

(Photo via Getty Images)

Scotty McCreery

(Photo via Getty Images)

Phillip Phillips

(Photo via Getty Images)

Candice Glover

(Photo via Getty Images)

Caleb Johnson

(Photo by Gregg DeGuire/WireImage via Getty Images)

Nick Fradiani

(Photo by Alberto E. Rodriguez/Getty Images)

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