With new residual agreements struck between studios and the three largest Hollywood guilds, thousands of hours of classic and more recent television shows will become available to air on digital services and cable networks, reports The New York Times.
“The shows now freed from ‘residual gridlock’ include old broadcast series like ‘Charlie’s Angels’ and ‘The Flying Nun’ and newer made-for-cable programs like ‘Breaking Bad’ and ‘Sons of Anarchy,’ according to John Weiser, president of United States distribution for Sony Pictures Television,” The Times reports.
Weiser told the publication: “The guilds were open to it because they fully understand how the TV landscape is evolving. They also know there are fans who want to see this material.”
The residual changes were approved by the Directors Guild of America, the Writers Guild of America, and SAG-AFTRA.
The story notes: “Under the old deals, if a cable network wanted to acquire reruns of a made-for-cable show (say, FXX was interested in buying reruns of ‘Breaking Bad,’ which was made for AMC) it triggered fixed residual payments. As a result, reruns of dozens of made-for-cable shows never sold: The fixed residual payments were too high compared with what an acquiring cable network was willing to pay for rerun rights.”
With the new agreements, residuals will be based on a percentage of the licensing deal for the reruns, the publication reports.