ABC in real financial crisis after the Roseanne Cancellation: Report suggests the network stands to lose in upwards of $60 million dollars.

According to a new report, ABC could be losing big bucks, after they abruptly canceled Roseanne’s show following her joke againt Obama adviser Valerie Jarrett. According to the report, the network stands to lose in upwards of $60 million dollars.

As reported by Washington Times “The abrupt cancellation of ‘Roseanne’ will not come cheap,” saidLacey Rose, television editor for The Hollywood Reporter.

“Although the decision was widely viewed as necessary given the racist nature of star Roseanne Barr’s social media attack on senior Obama adviser Valerie Jarrett, several sources with knowledge of the situation suggest that ABC and parent company Disney could be on the hook for tens of millions of dollars,” Rose reported.

“And that doesn’t include the foregone ad revenue,” she said, citing an industry report from Kantar Media that said that the revival of the 1990s-era sitcom was expected to drive $60 million in advertising dollars.

“The ‘Roseanne’ aftermath: who gets paid?” Ms. Rose summarized.

She also said that her sources reveal that ABC producers won’t be able to invoke the “force majeure clause,” which allows them to cancel contracts due to unforeseen, catastrophic events.

“ABC brass will have to make some tough choices about whether and how to compensate the cast and crew for the scrapped 13 episodes,” Ms. Rose said, adding that the major stars of the cancelled show were to be paid between $350,000 and $500,000 per episode. Writers and crew are another matter which has yet to be addressed, the analyst said.

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