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Jason Alexander, Michael Richards and JLD make relatively little off Seinfeld reruns
Posted on 7/23/19 at 4:29 pm
Posted on 7/23/19 at 4:29 pm
As of 2015 Jerry had earned about $400 million+ from the reruns (as had Larry David).
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The fact that Julia Louis-Dreyfus, Jason Alexander, and Michael Richards don’t own a stake in the sitcom significantly reduces the amount they make from Seinfeld reruns. The International Business Times reports that “The three co-stars receive SAG-AFTRA residuals and a cut of DVD sales.” But the publication added that “Those cuts don’t come close to the estimated $400 million per year that Seinfeld and David will earn from the latest syndication deal.”
The Globe and Mail maintains that Seinfeld’s three co-stars get no share of the royalties generated by the sitcom. The paper reports that “Alexander said the three co-stars decided to get tough during negotiations for the final series in 1997.” The three “told NBC Entertainment chief Warren Littlefield that Jerry Seinfeld’s decision to cut them out of the show’s massive royalties had created an unacceptable gap between the actors.”
They did manage to raise their salaries for the final season. But Alexander told the Globe and Mail that they would have preferred “back-end participation.” (That means a share in royalties from future profits.) “Julia, Michael and I, during our big renegotiation for the final year, asked for something that I will go to my grave saying we should have had, and that is back-end participation in the profits for the show.”
Alexander added, “It was categorically denied to us, which forced us to then ask for ungodly salaries. We make very little, standard Screen Actors Guild residuals for the reruns.”
LINK
———
The fact that Julia Louis-Dreyfus, Jason Alexander, and Michael Richards don’t own a stake in the sitcom significantly reduces the amount they make from Seinfeld reruns. The International Business Times reports that “The three co-stars receive SAG-AFTRA residuals and a cut of DVD sales.” But the publication added that “Those cuts don’t come close to the estimated $400 million per year that Seinfeld and David will earn from the latest syndication deal.”
The Globe and Mail maintains that Seinfeld’s three co-stars get no share of the royalties generated by the sitcom. The paper reports that “Alexander said the three co-stars decided to get tough during negotiations for the final series in 1997.” The three “told NBC Entertainment chief Warren Littlefield that Jerry Seinfeld’s decision to cut them out of the show’s massive royalties had created an unacceptable gap between the actors.”
They did manage to raise their salaries for the final season. But Alexander told the Globe and Mail that they would have preferred “back-end participation.” (That means a share in royalties from future profits.) “Julia, Michael and I, during our big renegotiation for the final year, asked for something that I will go to my grave saying we should have had, and that is back-end participation in the profits for the show.”
Alexander added, “It was categorically denied to us, which forced us to then ask for ungodly salaries. We make very little, standard Screen Actors Guild residuals for the reruns.”
LINK
This post was edited on 7/23/19 at 4:31 pm
Posted on 7/23/19 at 4:31 pm to weagle99
That's kind of crazy Larry got them to do that season of curb then
Posted on 7/23/19 at 4:49 pm to weagle99
The article never says what they actually make off the reruns, and I'm sure it is enough for them to be very comfortable without doing anything else ever.
Posted on 7/23/19 at 4:52 pm to weagle99
I looked it up not long ago and Jerry Seinfeld is worth almost a billion dollars. That guy did something right in his negotiations.
Larry David used to be worth around 900 mil until his divorce. He's worth less than half of that now I believe.
Larry David used to be worth around 900 mil until his divorce. He's worth less than half of that now I believe.
Posted on 7/23/19 at 4:52 pm to weagle99
P.S.
John and Paul made more money off of the Beatles than Ringo and George.
He who writes gets the biggest bite.
John and Paul made more money off of the Beatles than Ringo and George.
He who writes gets the biggest bite.
Posted on 7/23/19 at 4:57 pm to weagle99
Should have lawyered up and argued harder. Fair, next.
Posted on 7/23/19 at 5:22 pm to weagle99
They are all peasants compared to JLD
Posted on 7/23/19 at 5:23 pm to weagle99
Executive producers, which Jerry and David are IIRC, own a huge part of the show and get a large chunk of the proceeds as a result.
Actors only get so much.
Now that the show is over, it isn’t like they can do much to renegotiate that contract to get higher residuals.
Actors only get so much.
Now that the show is over, it isn’t like they can do much to renegotiate that contract to get higher residuals.
Posted on 7/23/19 at 5:57 pm to weagle99
That show wouldn’t have been anything without Jerry and Larry. The rest were great, but replaceable. This is as it should be. Jason, Michael, and Julia made tons of money while the show was running, and they were big enough that they could have turned it into lucrative careers like JLD has
Posted on 7/23/19 at 5:59 pm to weagle99
Jerry and Larry created the GOAT.
its how it should be.
its how it should be.
Posted on 7/23/19 at 8:15 pm to weagle99
quote:
estimated $400 million per year
This can't be right. Maybe for the whole deal. Not per year.
Posted on 7/23/19 at 8:35 pm to weagle99
Yeah, so what? It’s not their show. Someone who works for me gets a salary . . . not a piece of my business (unless I choose to let them in on it).
Posted on 7/23/19 at 8:49 pm to weagle99
So the show about nothing is worth something!
Posted on 7/23/19 at 9:05 pm to weagle99
And JLD still has more money than Larry David and Jerry Seinfeld combined
Posted on 7/23/19 at 9:23 pm to weagle99
In my head I imagine George, Elaine and Kramer all sitting at a table dejected because they lost, while Jerry gives them that condescending smile. The show lives on.
Posted on 7/23/19 at 9:29 pm to weagle99
Don’t the friends cast get $20 mill a year or something like that? They don’t own rights to the show if I’m not mistaken.
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