Columbia TriStar TV has renewed its exclusive deal with “Party of Five” creators Christopher Keyser and Amy Lippman for $4 million per year over the next three years.
In addition to the $12 million guaranteed, Keyser and Lippman also are receiving advances on their portion of the profits “Party of Five” is expected to generate in syndication. The studio confirmed that a deal was completed, but declined to discuss the terms.
The pricey writer-producer deal comes just weeks after Fox renewed the drama for two more seasons at roughly $2 million per episode and one day before a second Keyser-Lippman drama, “Significant Others” debuts on Fox in the “Party of Five” timeslot.
As part of the Fox renewal, the 22 Fox-owned stations also are expected to purchase off-network reruns of the drama to air in syndication weekends this fall (Daily Variety, Feb. 20). Reruns also will be stripped on the Lifetime cabler, which paid $600,000 per episode for the rights.
“Party of Five” is a slow and steady success story. After several seasons of struggling in the ratings, the show jumped 18% among adults 18-49 this season.
Before “Party of Five,” Keyser and Lippman were co-executive producers on the series “Sisters.” They’ve also written for “L.A. Law” and “Equal Justice.”