Networks, TV academy in $66m Emmy deal

Los Angeles - The Emmy Awards and the four major TV networks have an eight-year, $66m agreement in place to air the ceremony.

The Academy of Television Arts & Sciences' board of governors approved the deal on Wednesday night with ABC, CBS, Fox and NBC, according to a statement from the academy and the networks.

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The broadcasters will continue a "wheel rotation," with each airing the Emmys in turn. Fox kicks off the new cycle with this year's September 18 ceremony.

After protracted negotiations, the networks will pay a license fee of at least $8.25m for the ceremony each year, according to a statement.

The previous agreement, which was reached in 1992 and expired this year, guaranteed license fees of $7.5m per year for the past four years.