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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

No Avatar
91.

Makenna    

99. Conan has brought NBC alot of money and a ton of viewers for many, many years! How can they be so lame?? I love Conan and I'll def be wathcing him when he returns to TV. What am I gonna do without him for now tho? lol

Posted at 9:12AM on Jan 19th 2010 by Ashole

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Where are you getting your facts? No he didn't. He knows he didn't bring in the ratings but feels he wasn't given enough time to gain a following.

1646 days ago
92.

Sloane    

when Jay took over for Johnny-he was a stand-up comic who
occasionally hosted when Johnny was off-along with Joan Rivers and a
few others-no real built in audience to speak of

Johnny retired when he decided it was time to do so

Jay was pushed out for Conan basically while he continually led
Letterman in the ratings

he graciously announced he'd "retire" based on the NBC deal to keep
Conan-thus anointing Conan for a smooth transition

Conan had a late-night show for 16 years
the length of time Jay did the Tonight show
built in audience-just different audience
very different from when Jay took over

Jay made sure there was no drama for Conan like he faced early on
when NBC chose him over Letterman (who assumed he'd get the show and
when he didn't he quit in a fit of ego-sound familiar?)

so Conan had every opportunity to get better ratings than he did

seeing his rating drop was a big supprise to everyone except the NBC
execs who apparently told him that he needed to adjust his show from
the old style format in order to keep the ratings

Conan's ego (sound familiar?) wouldn't let him-and thus-regular
Tonight show fans tuned out or tuned to someone else for the kind of
entertainment that they wanted at that hour

and Conan refuses to be bumped back only half an hour to see if that
would help ratings (capture a bit more of his old audience and maybe
keep some form the Leno half hour bump in to the show)
ego again??

so blame NBC-blame Conan if you want-don't hang this on Jay-

DON'T KNOW ABOUT THE REST OF YOU BUT I'D GLADLY START WORK HALF AN HOUR LATER IF IT MEANT ME KEEPING MY JOB!

obviously Conan doesn't agree
maybe he's over-valuing himself/his talent/his appeal just a bit

1646 days ago
93.

TheQueenBitch    

INGRID LEWIS WHO RESIDE IN ALLEN/HOUSTON, TEXAS IS DESPERATELY LOOKING FOR A MAN. GIVE HER A CALL AT 281-299-9602 SHE WILL SEND YOU NUDE PICTURES BECAUSE SHE HAS NOTHING ELSE TO OFFER OR DO WITH HERSELF. KEEP YOUR HEAD UP INGRID LEWIS ONE DAY YOU WILL FIND SOMETHING THAT WANTS YOU. A LITTLE ADVICE, LEAVE SOMETHING FOR THE IMAGINATION JUST MAYBE SOMETHING WILL WANT YOU. YOU UGLY DUCKLING. :)

1646 days ago
94.

tifosi44    

Both of these Nimrods should be ashamed at the salary they demand. Neither of these guys are worth that kind of dough. Pathetic greed, nothing else.

1646 days ago
95.

Jazzy Wazzy    

Conan should go to work for Fox with a salary of $1. That would stick it to NBC. They would be paying for him to work at Fox.

1645 days ago
96.

TRACKER    

conan to replace simon cowell.....in my dreams but hey..id love it.everyone knows americans really vote and decide who wins....

1645 days ago
97.

MaryLou    

Who cares put someone worth watching they both need to go...new faces needed with some charm....please

1645 days ago
98.

jon    

Guess Jay is free to use those characters then...he already stole half his stuff from Howard Stern's show so he might as well steal some stuff from Conan too.

1645 days ago
99.

The Queen Bitch    

INGRID LEWIS WHO RESIDE IN ALLEN/HOUSTON, TEXAS IS DESPERATELY LOOKING FOR A MAN. GIVE HER A CALL AT 281-299-9602 SHE WILL SEND YOU NUDE PICTURES BECAUSE SHE HAS NOTHING ELSE TO OFFER OR DO WITH HERSELF. KEEP YOUR HEAD UP INGRID LEWIS ONE DAY YOU WILL FIND SOMETHING THAT WANTS YOU. A LITTLE ADVICE, LEAVE SOMETHING FOR THE IMAGINATION JUST MAYBE SOMETHING WILL WANT YOU. YOU UGLY DUCKLING. :)

1645 days ago
100.

di    

let him (O'Brien) go already, he's not that funny, and in 5 months he should have made some sort of dent in the ratings.

1645 days ago
101.

cochino    

Triumph the Insult Comic Dog and the Masturbating Bear

is the median age mentality of the viewers 12??????

this is why ginger got canned. stupidity!

NBC kept the rights on these to save ginger from future embarassment

1645 days ago
102.

gvb    

why is TMZ so in the tank for Jay Leno?

1645 days ago
103.

livie    

Leno is one of the least respected & least funny "talents" in his industry. Conan is innovative and has a proven following of a younger demographic. Jay may have hijacked The Tonight Show for now, but his ratings will die with his elderly audience. I hope Conan comes back on any network and kicks NBC's ass for how they've handled this whole mess. I think my 9year old could run that network better at this point.

1645 days ago
104.

rickyrickrick    

i hope Coco gives some of that money to a Wildlife Fund, to save Africa's animals. Coco save our animals, u r the best!

1645 days ago
105.

Punkarazzi    

Dear NBC--Exactly how do you propose to make use of the Masturbating Bear?

1645 days ago
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