The Deals That Changed the TV Industry This Decade

  • 📰 THR
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

From Shonda Rhimes' $100M Netflix deal to NBCUniversal's $500 million 'The Office' pact, these eye-popping agreements have shifted the tectonic plates of the television business

Jaws dropped when Netflix offered Chris Rock, who hadn't performed stand-up comedy in nearly a decade, a whopping $40 million to return to the stage in two specials. About a month later, the platform backed up the Brinks truck for Dave Chappelle, too, when it reportedly paid the comedian around $60 million for three stand-up specials of his own.

As Netflix began to lock down in-demand creators, traditional studios scrambled to find ways to keep their top talent in-house. One way they did that was by getting creative and banding together the various arms of their companies for cross-corporation deals. Viacom led the way by inking a broad content partnership with Tyler Perry that encompassed TV, film and shortform video projects across various Viacom networks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

shondarhimes Mo’niques

thelawchick

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Most transformative and significant M&A deals that defined the 2010s - Business InsiderAmazon-Whole Foods. Anadarko-Occidental. Facebook-Instagram. These are the most significant transactions bankers orchestrated over the past decade.
Source: BusinessInsider - 🏆 729. / 51 Read more »