Dear asmucc1234-ga;
Thank you for allowing me to answer your interesting question. When
one holds syndication rights to a show this is typically how they
continue to earn ?per episode? royalties. However, in a widely
publicized mega-deal some years back, Larry David sold his share of
the syndication rights to ?Seinfeld? for $200 million.
In 1999 the BBC reported the story of the sale this way:
?Comedian Jerry Seinfeld is the world's top earning entertainer,
according to US business magazine Forbes.
Seinfeld and his collaborator Larry David beat film-maker Steven
Spielberg into third position thanks to the proceeds from the sale of
syndication rights to Seinfeld, which ended in the US in May 1998.
The duo earned $267m and $242m respectively from the $1.7bn sale,
although they may not see the bulk of their money for some years to
come?
?Forbes' estimates are based on interviews with lawyers, managers,
agents, executives and experts, counting pre-tax gross income when it
is earned, not when it is paid.?
BBC
http://news.bbc.co.uk/1/hi/entertainment/293643.stm
While Larry David may still be making money from the Seinfeld show,
today it is most likely continued earnings in the form of payments to
satisfy the terms of the sale based on the deal made back in 1998.
Here are some other sources that mention the sale though most of these
examples offer only vague estimates.
INTERNET MOVIE DATABASE
http://www.imdb.com/name/nm0202970/bio
TV.COM
http://www.tv.com/larry-david/person/8236/summary.html
GREENSPUN.COM
http://www.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=0009ZY
?David made a reported $200 million from selling the syndication
rights to "Seinfeld."
ZAP2IT
http://tv.zap2it.com/tveditorial/tve_main/1,1002,273%7C%7C2%7C3694,00.html
?And David is now laughing all the way to the bank. He made over $200
million from ?Seinfeld.?
CBS NEWS
http://cbsnews.cbs.com/stories/2004/01/19/60II/main593983.shtml
THE DECLARATION ONLINE
http://www.the-declaration.com/2004-02-12/786
I hope you find that my answer exceeds your expectations. If you have
any questions about my research please post a clarification request
prior to rating the answer. Otherwise I welcome your rating and your
final comments and I look forward to working with you again in the
near future. Thank you for bringing your question to us.
Best regards;
Tutuzdad-ga ? Google Answers Researcher
INFORMATION SOURCES
Defined above
SEARCH STRATEGY
SEARCH ENGINE USED:
Google ://www.google.com
SEARCH TERMS USED:
LARRY DAVID
SEINFELD
MILLIONS
SYNDICATION
PER EPISODE
SOLD
DEAL |
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