Who cares if Barry Diller is bleeding cash on his failed attempt at buying back some Expedia stock? As Kim Masters explains, his deal with NBC programming chief Ben Silverman's Reveille is going to leave Diller flush with cash should any of the production outfit's TV tries pan out. And, given Reveille's sucesses (The Office, Ugly Betty), we've got a hankering Diller is gonna be just fine. The Expedia misstep may have cost him nearly $15 million (need it be said, that's barely a dent for his kind), but his favorable deal with Silverman should more than make up for it.
As Masters reports:
One of the sticky wickets in NBC Uni's hasty efforts to get Silverman loose from his deal at his production company, Reveille, was getting Diller to let Silverman out of his employment contract.
Diller financed Reveille's overhead, and instead of owning a piece of the company, he had an ownership position in the shows, according to sources familiar with the deal. Naturally Diller wouldn't let Silverman walk away without exacting handsome compensation from Silverman's eager new employer. NBC gave Diller his money back (and will pick up the tab for Reveille's overhead), but Diller still gets a piece of Reveille shows that go forward at NBC or elsewhere for the lifetime of those shows.
Which means Diller, more than anyone, is cheering on Sin tetas no hay paraiso. Perhaps more so than we.

[...] going to leave Diller flush with cash should any of the production outfit's TV tries pan out. via Jossip.com Written by on July 24th, 2007 with no comments. Read more articles on [...]