WPT Deals Poker to Game Show Network
WPT Enterprises Inc. said Thursday it signed a licensing deal with Game Show Network LLC for the sixth season of its World Poker Tour television series.
WPT previously had an agreement with The Travel Channel LLC for the show. But WPT said in a regulatory filing with the Securities and Exchange Commission that The Travel Channel did not pick up an option for the sixth season of the show.
Under terms of the agreement with the Game Show Network, WPT will receive a $300,000 licensing fee per episode. The per episode fee will climb by 5 percent in future seasons if GSN exercises options for those seasons.
WPT may also receive a bonus fee per episode between $20,000 and $35,000, if the average Nielsen ratings of all premiere episodes in a season exceed a certain agreed-upon level. The bonus fee will be paid at the end of each season.
GSN has options for the seventh and eighth seasons of the show.
