News is coming in today that Sony has dumped American Idol, leaving Universal Music Group picking up American Idol's music & distribution rights (old & new). Auditions are currently under way for the upcoming 10th season. Big names like Steven Tyler & Jennifer Lopez are said to be joining the judge panel, but no official announcement has yet been made. In addition, though only rumor, the final stages of American Idol may take place/filmed at Gibson Amphitheater (aka Universal Amphitheater) at Universal Studios. Which kinda makes sense, since now that Universal owns American Idol music rights, no? =)

Source: 'American Idol' drops Sony, signs with Universal Music Group for distribution deal | Company Town | Los Angeles Times