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In response to
"right, but if I am Matt Leblanc and I get 1% of all streaming rights they could be costing me millions by staying internal -- nm"
by
Beaker
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In the end, it depends on the terms of the contracts
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For the actors, there might not be language about things like streaming, since that was something that didn’t become a thing until years after the show ended, although I’d be fairly certain there is a rider of some kind about revenue streams not yet in existence when the contracts were created. It could also establish terms of the show being licensed at a fair market rate, although it’s hard to predict how popular a twenty-five year old show will continue to be down the road.
For the streaming services, it would also depend on the contracts. It’s possible that the contract to stream Friends on a specific service might include language about the right of first refusal for extensions belonging to a specific side, buying out the remainder of the contract at a certain rate, and even non-compete language that would not allow the show to air on a rival service for X amount of time (like the Marvel/Netflix series, which apparently cannot show on a rival service for two years after each show is officially cancelled). But if the terms of the contract are legally executed, Warner’s could conceivably “outbid” all other potential suitors to keep exclusivity for the show on its new service.
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Responses:
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