“Billy Ray has turned down what must be his sixth reality show offer in the last four years because Miley has been very strict with her parents about not doing them, even though they have been offered a fortune by all the big players, including Bravo, Lifetime and E, to open up their home to cameras," a close member of Miley’s business team revealed.
“Miley would much rather do a Christmas special or a concert at the Hollywood Bowl with her dad rather than watch him embarrass himself like Bruce Jenner on TV every week."
Still, some of the most recent TV offers to Billy Ray and his wife, Tish Cyrus, 54, have been so serious and lucrative to give even Miley pause, said the source close to the twerk queen.
“Ever since Miley broke away financially from her parents, she's had to watch their incomes plateau while hers has skyrocketed, and so in the last three months she revisited the reality show idea with her dad,” the source said.
“But ultimately, she was very thankful they came to an understanding together that it would be a bad idea. Miley is a student of the mistakes of the people who have come before her, and she always thought Britney Spears' decision to do a reality show was the beginning of her downfall.”
Miley’s fellow pop star Spears got bad reviews for her reality show Britney and Kevin: Chaotic in 2005 with her then-husband, Kevin Federline and later bombed as an X Factor USA judge alongside Simon Cowell.
“For now, Miley doesn’t want herself or her parents becoming reality TV bottom feeders,” the source said. “Billy Ray agrees with her and it seems to have helped their relationship.”