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Conan O'Brien

Scores $32.5 Mil

from NBC

1/19/2010 12:45 PM PST BY TMZ STAFF

Conan O'Brien, The Tonight ShowConan O'Brien is losing "The Tonight Show" but he'll be getting a $32.5 million consolation prize courtesy of NBC ... sources tell TMZ.

In return, we've learned Conan has agreed to sit on the bench until September. Translation -- he can't host another show until the fall.

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.

We're told the Conan/NBC deal still isn't completely done, but it's very close.

168 COMMENTS

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1.

Simone    

First!!!!!!!!!!!!!!!!!!!

1552 days ago
2.

ginger    

nnooooooooooooooooooooooooooooooo!!!!!!!!!!!!!!

1552 days ago
3.

Moxy    

Seriously, sign a contract for $1 with FOX and make NBC pay. If he'll be making the same amount either way, why not?

1552 days ago
4.

ginger    

triumph

1552 days ago
5.

Vonn    

Conan, Can I borrow a dollar. Somehow I think that he will be OK.

1552 days ago
6.

michael    

Kaaaaaachiiiiiiiing!

1552 days ago
7.

Simone    

So, this guy is going to get a huge amount of money. Good for him!!!!!! But, actually, I don't care about him!!!! Hahhahahhahahahhahahhahahahhahahahhahahhahahhahaahhahahaha.

1552 days ago
8.

PolarBear    

September will get here very quickly and it takes time to start a new show. So good for Conan, good for Jay. NBC programming is the most incompetent gang of impostors ever.

1552 days ago
9.

ginger    

no doubt

1552 days ago
10.

star jones    

Exactly Zeke that's what i was gonna say

1552 days ago
11.

jedlea2002    

I believe that deep in the heart of hearts...they are afraid of Jay starting a new show at 11:30 either on ABC or Fox.

With Jay,Letterman and COCO all on at the same time...and fighting for the same audience....COCO would run a poor third.


( They keep saying that if COCO had more time he would catch up with Letterman - just as Jay had done...and this could possible be true...in the long run )

The problem comes with a three way split of the 11:30 audience...Jay and Letterman - as proven audience attractions - would probably do fairly well...

leaving the COCO version of the Tonight Show in the dust.



I'm also sure that this prospect was also on the minds of the NBC (Br)ass in their desperate try to find a new spot for Jay on NBC.

In their minds..giving Jay back the show at 11:30 was much more desirable than having a three way split...especially since both Letterman and Jay could easily run circles around poor NBC....poor COCO...and the poor COCO Nuts.



Jake



1552 days ago
12.

Democrats are evil    

My dog has made me laugh more than O'brien ever has. This guy is not funny but he somehow scored millions. At least he's a good businessman. Gotta respect that

1552 days ago
13.

jedlea2002    

I notice that all the COCO Nuts want Jay to leave the Tonight Show and RETIRE (and/or die of a heart attack)
They want him completely out of "show business"

I believe that deep in the heart of hearts...they are afraid of Jay starting a new show at 11:30 either on ABC or Fox.
With Jay,Letterman and COCO all on at the same time...and fighting for the same audience....COCO would run a poor third.

( They keep saying that if COCO had more time he would catch up with Letterman - just as Jay had done...and this could possible be true...in the long run )
The problem comes with a three way split of the 11:30 audience...Jay and Letterman - as proven audience attractions - would probably do fairly well...
leaving the COCO version of the Tonight Show in the dust.

I'm also sure that this prospect was also on the minds of the NBC (Br)ass in their desperate try to find a new spot for Jay on NBC.
In their minds..giving Jay back the show at 11:30 was much more desirable than having a three way split...especially since both Letterman and Jay could easily run circles around poor NBC....poor COCO...and the poor COCO Nuts.

Jeff

1552 days ago
14.

PolarBear    

NBC has just let out a tiger they had in their tank. Conan is now free to launch an innovative market-shifting entertainment concept instead of grovelling around after the dictates of the out-of-date NBC graybeard degenerate navel-gazing retard cult. NBC needs to purge themselves of their idiots, and ALL THE INVESTORS NEED TO NOW SPEAK UP TO MAKE SURE THAT HAPPENS! At times like this, investors need to take control. NBC is screwed and though emotions are going haywire and people are picking their favorite hosts, there are hundreds of staff and their families that are being grossly mistreated through NBC.

1552 days ago
15.

janalal4    

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.



Read more: http://www.tmz.com/2010/01/19/conan-obrien-the-tonight-show-nbc-deal-32-million-dollars-deal-masterbating-bear-triumph-the-insult-comic-dog-fox/#comments#ixzz0d28OZLnm


This is good because Leno will need to hang onto these 'jokes' of Conans. He will need all the 'help' he can get. His stuff is just old & stale. He laughs at his own jokes EVERYTIME. Thought this was like the #1 rule in 'comedy'??? That's why I like Letterman. If anyone should have had the 'Tonight Show' ANYWAY, it should have been HIM if your just talking about overall 'funniness'. However, I wouldn't have wanted to see that. Letterman should always stay exactly where he IS & I will remain right where 'I' am. That is, watching Letterman & not either one of these koo-koos. I think they have BOTH made 'asses' of themselves over this whole situation!

1552 days ago
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