The exit deal between NBC and Conan O’Brien has been finalised and expected to be announced today.
The deal is worth a reported $44 million. According to The Wall Street Journal, O’Brien is getting $32 million from NBC, with the network also agreeing to pay his staff $12 million in severance.
O’Brien will be allowed to return to television on Sept 1., according to one source. At the time of writing, no further details are available, including intellectual property ownership over some of his characters.
Jay Leno will return to his late night show at 11:35pm following the Olympics.
O’Brien has an official farewell show Friday night (US) with Tom Hanks and Will Ferrell, and with Neil Young as the final musical guest.
Source: NY Times