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But that isn't all. NBC's celebrated sitcom's finale, scheduled
to air on Thursday 6 May, on the US network, is fully sold out.
In India, the ninth season is currently on air.
According
to media reports, the price for the finale is more than five times
the average price NBC got for the show in the fourth quarter 2003
- about $380,000 per 30 seconds. It is about $500,000 more than
this year's Academy Awards show.
While the actual finale is priced quite high, the one hour curtain
raiser to the show doesn't come cheap either at $1.25 million per
30 sec unit. All told, the closing episode is expected to pack in
$70 million+ in ad pickings for NBC.
But does that mean that departure of the show tantamount to huge
losses. Not necessarily if they can get in a decent replacement.
If one looks at the figures, Friends reaped a lot of profit
but making it was a huge investment. When the NBC top grossers,
Friends and Frasier, depart they free nearly $300
million in annual license fees!
The
show had raked in $4.3 million an episode in license fees and barter
advertising for its first off-network syndication cycle, for its
producers Warner Bros. The second cycle sold for nearly $1 billion
in network license fees over 10 years and other income from international
sales and home video, and Friends franchise earned almost
$3 billion-plus.
Media reports indicate that Friends costs $10 million per
episode this year, up from $7.5 million the prior year and it brought
in $15 million to $20 million this year. That means just 18 episodes
cost NBC a whooping $180 million.
While the departure of the shows frees a lot of investment, it
puts forth another problem - what will fill Friends' time
slot? The network has some high-profile projects in development,
particularly Friends spin-off Joey, so far, but reports
indicate that the network isn't overly optimistic on its chances.
But that's for later. As of now the what is worth noting is how
despite the season's stress between networks and their ad clients
over double-digit rate hikes, NBC was able to jack up the rate for
Friends five-fold for the finale. That is still not the
all-comers record though.The 1998 finale for Seinfeld was
38 per cent higher than what is being quoted for Friends.
So what is the finale going to be like? According to reports, the
creators of Friends have been taking accurate notes from
some of television's best finales to guide them in crafting the
final episode of television's most popular sitcom. The stars on
the other hand have been $ 2 million each for the finale episode.
Oh my gwaad!
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