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Seth MacFarlane is leaving Fox Corporation (NASDAQ:FOXA) for Comcast Corporation’s (NASDAQ:CMCSA) NBCUniversal for a five-year contract worth $200 million, according to Deadline.
What Happened
Seth MacFarlane, the maker of several popular TV series, including Family Guy and American Dad, has signed a nine-figure television deal with NBCUniversal Content Studios, ending a two-decades-long relationship with 20th Century Fox Television.
Fox tried to keep MacFarlane after its last contract with the actor had ended in June 2019 but was outbid by NBCUniversal, sources told Deadline.
Why It Matters
MacFarlane had been working with Fox for more than 20 years.
After Family Guy, which has made billions of dollars since its launch in 1999, MacFarlane co-created the animated sitcom American Dad in 2005. MacFarlane’s science-fiction comedy The Orville was launched in 2017.
“One of my oldest memories from Fox is of a young Seth MacFarlane hanging out in the halls of the studio,” said Dana Walden, chairman of Disney Television Studios and ABC Entertainment.
“As a fan, I look forward to whatever he creates next, and as his studio partner on Family Guy, American Dad and The Orville, I feel lucky to be continuing an extraordinary partnership,” added Walden.
What’s Next
MacFarlane and his production company Fuzzy Door Productions will create TV projects for NBCUniversal’s various divisions, including cable- and streaming-focused Universal Content Productions and broadcast-focused Universal Television and the NBCU's upcoming Peacock streaming service, which will be launched in April 2020.
Price Action
Shares of Fox Corporation fell by 1.24% and closed at $36.72, while Comcast Corporation’s shares dropped 1.16% and close at $44.98 on Friday.
Photo Credit: Gage Skidmore via Wikimedia
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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