'The Simpsons' to stay for two more seasons
'The Simpsons' to stay for two more seasons
Fox Television said on Friday it had renewed animated TV series 'The Simpsons' for another two seasons.

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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