Without much fanfare, NBC and Warner Bros. TV have moved closer to a deal in recent weeks to keep “The West Wing” on the Peacock, according to insiders.
While no deal is done, and a pact may still be days away, sources confirmed that NBC will likely pay Warner Bros. a license fee of around $4 million to $5 million an episode. That more than doubles what the net currently shells out for the White House drama, but it is nowhere near the megacoin some had been predicting the show would fetch as recently as last fall.
Actual pricetag for a deal will likely be higher than the $4 million-$5 million fee when figuring a likely clause that calls for NBC to cover most of Warner Bros.’ deficit costs from the first four years of “The West Wing.”
The network and studio are still hammering out terms of an agreement, including whether it will be a one-year deal with an option for two more or a straight three-year deal.
Insiders also fervently denied published reports that suggested a “West Wing” renewal was tied to the NBC-owned stations’ recent pickup of Warner Bros. Domestic TV Distribution’s Ellen DeGeneres-hosted syndie talker.