Good news! This afternoon Eric Braeden and Sony reached a new deal, whic means The Young and the Restless star is staying put! A sigh of relief has now fallen over the soap industry, that it did not lose one of its most recognizable icons to budget cuts. Rest assured the actor will be back as the one and only Victor Newman after his “rehabilitation”. Yes, Victor leaves the airwaves on November 2nd to get some help from recovering from heart transplant surgery.
According to EntertainmentWeekly.com tonight: “Sony has confirmed that it has signed a new deal with Eric Braeden to keep the soap opera veteran on The Young and the Restless. Braeden, 68, was preparing to say goodbye to the show that he called home since 1980 after the production company demanded that he take what he described as a ”substantial” pay cut to his seven-figure salary. Terms of the new deal were not released but a source familiar with the negotiations said the actor ended up accepting a pay decrease in exchange for a new, three-year pact”
Braeden said he and Sony returned to the negotiating table today and settled the deal amicably (he declined to comment on the specifics). “All’s well that end’s well,” Braeden said. “Both sides were reasonable. We were both satisfied with the outcome. This business is tough.”
CBS then released the following statement: “We’re very happy that Eric will be remaining with The Young and the Restless. Victor Newman has been an important part of the Genoa City canvas for nearly 30 years, and we know our audience will be tuning in to see what his plans are next.”
Bell released her own statement, as well: “We are thrilled to have Eric Braeden continue as the one and only Victor Newman. We look forward to his timely return … and we are delighted that Eric will continue his extraordinary work on The Young and the Restless.’”