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Los Angeles: Fox Television said on Friday it had renewed animated TV series 'The Simpsons' for another two seasons after settling a pay stand-off that had threatened to end the satirical parody of working-class American life.
"Fox has renewed 'The Simpsons,' the longest-running comedy in television history, for an incredible 24th and 25th season," the network said in a statement.
Fox Television, a unit of News Corp, said earlier this week that it could no longer afford to keep producing the show without the main voice actors taking a hefty cut in their $8 million annual salary.
The actors said Fox wanted a 45 percent reduction. They offered 30 percent cut in return for a share of billions of dollars generated by the show in worldwide licensing, syndication and merchandising.
Fox declined to give details of the new contract but a spokesman said the network was "thrilled" to have reached a deal.
"We are all very happy with the result," the spokesman said. Hollywood industry website The Wrap, citing a person close to the negotiations, said the final deal for the actors "was immeasurably improved from what Fox's initial offer was."
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