Report: O’Brien and NBC agree on buyout


The Daily Beast reports that NBC and Conan O’Brien have agreed on a settlement which will free O’Brien from his contract.

The report cites sources as saying that Ron Meyer, head of the Universal film studio and a former agent, was able to step in and resolve an impasse.

The bottom line: NBC writes a check to O’Brien, but he won’t be blocked from working elsewhere.

Deadline Hollywood reports the sum will be close to $40 million: “And Conan was adamant that NBC take care of the people close to him — [executive producer] Jeff Ross and the staff who moved out to Los Angeles.” According to the pact, Conan leaves The Tonight Show on January 22nd.

Click here to read the story from The Daily Beast.