Dan Levy signs eight-figure deal with Netflix

[orange_jelly23]

One year after #SchittsCreek had its historic sweep at the Emmys - becoming the first comedy to win every major award - its co-creator Dan Levy has signed a new deal with Netflix https://t.co/rXqAkuKgmu
- Variety (@Variety) September 19, 2021
Dan Levy has signed a new deal with Netflix to create television and film projects

Comments

[unintentionalty]

Didn't he already have a huge deal with them? Am I imagining this?

Nevermind, looked it up and it was ABC Studios, though he'd technically still be under that deal and I'm not sure that anything came of it so I wonder what happened there.

[rainbows_are_ok]

I always wonder what happens when those in initial deals don’t work out. Like, Bethany from RHONY had a huge deal with some studio and recently she said it didn’t work out so does she have to give the money back or does she not receive it until she actually completes the shows?

[unintentionalty]

I think those big 7/8-figure deals are actually reflective of best case scenario numbers that sound good in press releases but are not a guarantee. In my understanding they get some amount up front, but the rest is doled out upon completion of X required projects.

I also have no idea whether the ABC thing actually didn't work out -- I couldn't think of any projects and have a completely warped sense of time where I thought the ABC thing happened like 6 months ago when in fact it's been 2 years and the deal's gonna expire next year.

[orange_jelly23]

Yep you’re right
Looks like he wanted more money after the emmys last year but ABC said no because he hasn’t actually generated anything yet (lol, after over a year)

“The Emmy-winning creator found himself at the center of a multiple-outlet bidding war in late 2019, ahead of the sixth and final season of the Pop TV favorite. Netflix heavily pursued a deal with Levy at the time after the streamer’s deal for Schitt’s Creek helped catapult the series to a broader audience and, ultimately, an Emmys sweep for its final season. Levy, who was also pursued by Warner Bros. TV and Disney’s 20th Television, ultimately opted to ink a three-year overall deal with ABC Signature in September 2019 that sources at the time said was valued at $2 million a year

[unintentionalty]

So these deals are basically just expensive non-compete agreements for the studios at this point? It's wild to me that you'd get a huge thing like this and then just...not do anything with it.

[orange_jelly23]

im sure there's more to this behind the scenes. I wouldnt blame him for needing a break after SC and also wonder how receptive theyve been to his ideas. But also yes asking for way more money when you've produced nothing is a very White Male thing to do lol