US TV network NBC and Tonight Show host Conan O'Brien have reached a settlement in principle to part ways after clashing over the network's plan to reshuffle its late-night line-up, TMZ reported today.....
....Sources told The Wall Street Journal the deal will include an agreement to pay O'Brien for the remaining two-and-a-half years of his contract.
Estimates of the financial settlement for O'Brien and his team ranged from between US$25 million and $35 million. One source told the newspaper the total package could be closer to $40 million.
The deal is expected to allow O'Brien to sign a new deal with another network in substantially less than a year, potentially allowing him to host a new show as early as fall in the US.
NBC = FAIL