From Broadcasting and Cable:
CBS Television Distribution has sold rookie drama Hawaii Five-0 to cable net TNT.
The market for the show was opened by a preemptive bid by an unidentified cable network, which immediately set prices at $2-plus million per episode. In the end, Hawaii Five-0 sold in the mid-$2 million range, on par with what two of the last big dramas – Warner Bros’ The Mentalist and CBS’ NCIS: Los Angeles – each received.
The off-net deal begins on TNT in fall 2014. The deal also includes digital rights so that TNT can provide the show on demand and online to its subscribers via Time Warner’s TV Everywhere initiative.
What does this mean? Hawaii Five-0 is not leaving CBS, and we’ll continue to see new episodes on that network. TNT bought the syndication rights to show repeat episodes and have exclusive rights to show Five-0 on demand to cable subscribers. The deal begins in 2014, because theoretically by that time, CBS will have produced a hundred episodes of the show. That’s the magic number that networks look at before sending a show off to another network for syndication.
This however, does not automatically guarantee the show for another three seasons (as much as we want it to), but it would be in CBS’s best interest for the continued success of the show in order to cash in on TNT’s huge offer.
A big mahalo to all those on twitter who helped make sense of this news!