January 21, 2010
updated
Source: The Wrap
Coco: $32.5M
Employees: $7.5
Free to work come Sept 1 though NBC could deduct he would make with a new network from the $32.5 million.
Plenty of time to write something other than 6 grade jokes
Agreed to a “short” period of time in which he can’t give media interviews or continue to trash NBC publicly.
NBC agreed to media blackout.
He cost them more than that – his new studio complex cost $50M and with the promos for his show he’s the $100M astounding Tonight Show failure. But not as much a it would have for NBC to buy put Leno ($150M).
Joint statement from NBC and Coco:
NBC and Conan O’Brien have reached a resolution of the issues surrounding O’Brien’s contract to host ‘The Tonight Show with Conan O’Brien.
Under terms of an agreement that was signed earlier today, NBC and O’Brien will settle their contractual obligations and the network will release O’Brien from his contract, freeing him to pursue other opportunities after September 1, 2010.
Jeff Gaspin, Chairman, NBC Universal Television Entertainment.
We’re pleased that Jay is returning to host the franchise that he helmed brilliantly and successfully for many years. He is an enormous talent, a consummate professional and one of the hardest-working performers on television.
The origin of Coco’s name, which he clearly hates and yet his “fans” keep calling him by it.
(2:40) Bros a no-no for CoCo?
Don’t call me CoCo!!
