A hefty payday of nearly $40,000,000 to Conan O’Brien, courtesy of NBC will eventually be doled out to the former “Tonight Show” host and his staff, with roughly 30 of those millies heading directly to the Irishman himself! Besides walking away jobless, Conan also loses rights to characters like Triumph and the masturbating bear.
The comedian’s exit agreement, which could be completed as early as Tuesday, bars Mr. O’Brien from bad-mouthing his former NBC bosses, according to people familiar with the matter, but paves the way for him to land another television gig within a year. In addition to the $32.5 mil, we’ve learned NBC is also paying severance to Conan’s “Tonight Show” employees. In all, we’re told NBC’s payout is around $40 million.
But Conan probably won’t see close to the $32.5 mil. Under the deal, any money Conan makes during the remaining contract period with NBC will offset the network’s obligation. So, if Fox were to make a deal with Conan and pay him $25 mil during the NBC contract period, Conan would only score $7.5 mil from NBC.One well-placed NBC source told us something surprising — looks like NBC may keep its intellectual property rights. So Conan can’t take his creations — such as Triumph the Insult Comic Dog and the Masturbating Bear — to his next gig.
It’s terrible O’Brien was forced to sever ties with the network and expose Leno, whose ancient stale act plus grandpa status begs for retirement! O’Brien’s humor definitely trumps Leno’s boring act by ten-fold–here’s to arebooted Conan show in the future!
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