Judy Sheindlin — TV’s “Judge Judy” — is shopping reruns of her syndicated court show, from CBS Television Distribution, for $200 million, according to The Hollywood Reporter.
“As part of her most recent contract renegotiation, she locked in a cool $47 million-plus a year along with rights to her library, which includes thousands of old episodes,” THR reports. “And if all goes as Sheindlin hopes, she’ll soon sell that catalog for as much as $200 million — and in doing so throw cold water on a long-held theory that there’s little to no aftermarket for such syndicated shows.”
The report notes that former Bear Stearns banker Lisbeth R. Barron, who is handling the process for Sheindlin, “has approached a mix of studios, station groups, distributors and deep-pocketed individuals. Her pitch, per multiple sources who have heard it: TV stations — those that currently air ‘Judge Judy’ originals as well as their competitors — will be salivating for anything Judy once the first-run episodes conclude in 2020; plus, the No. 1 court show has yet to be exploited in much of the streaming, cable or global marketplace.”