‘The Simpsons’ Finally Heads to Cable in a Monster Deal
The 20th Century Fox Television animated television show The Simpsons is currently in its 25th season, and if a recent deal to bring the series to cable network FXX is any indication, the show is more valued than ever.
On Friday, cable network FXX finalized a deal to acquire the rerun rights to over 500 episodes of The Simpsons, marking the first time the popular series will make its way to a cable network. While The Simpsons has long had reruns on local stations, contractual restrictions have prohibited 20th Century Fox Television from selling the show to cable networks. But 20th Century Fox was recently able to negotiate new contracts without the exclusive portion of the agreement, giving the studio the go ahead to pursue deals with cable networks, the Los Angeles Times reports.
Although the financial details of the agreement were not disclosed, onlookers believe it could be one of the largest rerun sales ever. The per-episode price has been estimated to be anywhere from $1.5 million to $750,000 at the very lowest, meaning that the total sale could be anywhere from $800 million to $400 million. The deal between 20th Century Fox Television and FXX’s parent company FX — both of which are units of 21st Century Fox (NASDAQ:FOXA) — also includes the rights for online streaming and video-on-demand. The Simpsons will arrive on FXX in August 2014.