DESI ARNAZ SR. - CONTRACT SIGNED 06/17/1957 - HFSID 171166
Sale Price $765.00
Desi Arnaz signs a contract with CBS Television for exclusive rights.
Carbon Typed Document Signed: "Desi Arnaz" in ink, 3p, 8½x11, separate sheets. No place, 1957 June 17.Desilu Productions and its co-owner, Desi Arnaz, grant exclusivity rights to CBS Television. In part: "Desilu and Artist [Arnaz] have heretofore entered into an employment agreement, dated December 15, 1950...pursuant to which Artist agreed to render services as a performer upon programs of the 'I Love Lucy' program series...Desilu and CBS Television have heretofore entered into an agreement, dated April 26, 1954...by the terms of which Desilu granted to CBS Television rights to the exclusivity of Artist's service which grant of rights, in general parallels the grant of rights granted by Artist to Desilu pursuant to the Employment Agreement...Artist agrees to render services as a performer upon programs of the program series currently entitled 'The Lucy Jumbo Shows'...Concurrently herewith, Desilu and CBS Television Network are entering into a letter of agreement which by its terms extends the term of the Exclusivity Agreement, in consideration of additional payments, all as therein set forth...." Arnaz was to be paid $25,000 annually during the last three years of the exclusivity period.In 1957, the year of this contract, Lucille Ball and Desi Arnaz, the owners of Desilu Productions, sold the rerun rights to their comedy series, I Love Lucy, to CBS for $5 million. They used the proceeds to purchase the 14-acre RKO lot in Hollywood (both Ball and Arnaz had previously been contract players for the studio). Actress/comedienne Lucille Ball (1911-1989) and her husband, Cuban bandleader Desi Arnaz (1917-1986), had formed Desilu in 1950 to produce their comedy series, I Love Lucy (1951-1957), after CBS had denied Lucy's request for Desi to play the role of her husband.By 1957, their company was already producing The Lucille Ball-Desi Arnaz Show (1957-1960), and it would launch two new series, the Westinghouse Desilu Playhouse and The Ann Sothern Show, the following year. Desilu later produced some of the greatest hit television series of the 1950s and 1960s, including Our Miss Brooks, Make Room for Daddy, The Dick Van Dyke Show, The Untouchables, Mission Impossible, Mannix and Star Trek. Lucy and Desi, who were married in 1941 and had two children, were divorced in 1960. Upon their divorce, they divided Desilu's assets in half; two years later, Lucy bought out Desi for $3 million. Also signed by the Secretary-Treasurer of Desilu Productions, Inc. Slightly creased. Staple holes at upper left blank corners. Fine condition.
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