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“Schitt’s Creek” funnyman Dan Levy has signed a new deal with Netflix (NASDAQ:NFLX) covering film and television production.
What Happened: The financial terms of the pact were not disclosed, although Variety reported it's “said to be eight figures under competitive circumstances.”
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Levy will initially work on a film where he will star, write, direct and produce. No details on this project were released, except to say it would be a romantic comedy.
The television aspect of the deal will begin in July 2022, after the expiration of Levy’s current contract with ABC Signature, a production studio within Walt Disney Co. (NYSE:DIS).
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Why It Happened: The Canadian-based “Schitt’s Creek” debuted in the U.S. in February 2015 on ViacomCBS’ (NASDAQ:VIAC) Pop TV, but made relatively little impact until Netflix started to run the series after its third season. The show’s sixth and final season made Emmy Awards history with a record-breaking 15 nominations and by snagging all seven major comedy awards.
“Netflix offered ‘Schitt’s Creek’ a second home at just the right time and opened the doors to a whole new audience for us,” said Levy in a statement. “Watching the show thrive there has only enhanced my excitement about continuing to tell specific, meaningful stories with them in both TV and feature film. A full circle moment.”
Photo: Dan Levy in "Schitt's Creek," courtesy of Pop TV.
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.