CBS Chief Executive Leslie Moonves has been offered a four-year production deal, Deadline.com reports. The deal with CBS would be available to Moonves if he decides to step down as CEO when his contract expires in 2015, the story reports.
The agreement, outlined in an SEC filing, would give Moonves an opportunity to produce TV, film and digital media, with CBS investing up to $3 million per year for staff and infrastructure, the story says. Moonves would also receive $1.5 million a year to executive produce TV productions, the story says.
CBS would be required to order at least three series over four years, but Moonves would also be required to submit “a minimum number of projects per season," according to the filing.