PHOTO: The Block 2023 cast. NINE
Last year, participants on The Block secured nearly $3 million in prize money. However, an informant has disclosed that Channel Nine has not yet disbursed the funds to any of the contestants, despite the finale airing in November.
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The undisclosed source informed Yahoo Lifestyle that, as part of their agreement before appearing on the show, The Block contestants consent to receiving their prize money in three installments over an eight-month period. According to the insider, the payments are scheduled to commence in February or March, potentially putting some of the participants in financial strain.
The insider said that Channel Nine is always up front about the payment associated with each season of The Block and contestants sign a contract agreeing to the payment schedule Pictured: Eliza and Liberty from The Block
Confirming the situation to Yahoo Lifestyle on Thursday, the source stated, ‘They all want their money,’ and added, ‘The realities are setting in for sure.’
The informant also disclosed that Channel Nine is transparent about the payment schedule for each season of The Block. Unlike reality shows in the early 2000s, such as Big Brother or Australian Idol, where money was received within a week, The Block’s payments are structured and occur in stages.
According to the source, contestants on The Block agree to receive their prize money in three payments over an eight month period before appearing on the show and payments are not set to begin until February or March Pictured: The 2023 cast of The Block
The delay in prize money distribution, according to the source, is attributed to ‘lengthy processes’ that must be finalized before contestants can access their winnings. Despite being informed of the payment plan before signing up, most contestants overlook this detail in their eagerness to participate in the popular franchise.
An insider has revealed to Yahoo Lifestyle that Channel Nine has not paid close to $3million in prize money to last year’s contestants on The Block Pictured: Blockheads 2023 Steph and Gian who walked away with $1.65million profit and an additionally $100,000 in prize money
Among the contestants eagerly awaiting their prize money are Steph and Gian, who set a new record during the November finale by selling their remarkable Hampton East home for $5 million, walking away with a $1.65 million profit and an additional $100,000 in prize money. Other winners from the last season, such as Eliza and Liberty, as well as ‘villains’ Kristy and Brett, are also yet to receive their respective profits and prize money. Kyle and Leslie, who made a $3.1 million sale on their renovation, are owed $130,000.
SOURCE: THE DAILY MAIL