Louis C.K. ‘Millions of Dollars’ in Debt Over ‘Horace & Pete’

11 April 2016 3:34 PM, PDT | Variety - TV News | See recent Variety - TV News news »

The big bet that Louis C.K. made on “Horace & Pete” has not paid off.

The comic told radio host Howard Stern on Monday that he lost “millions of dollars” over season 1 of the drama series, which premiered unannounced on his website LouisCK.net in January. Low sales for the first four episodes, which C.K. has sold a la carte for $5 a piece, forced him to take a line of credit out to complete subsequent episodes. C.K. claimed that each roughly hour-long episode of the series costs about $500,000 to make.

Asked by Stern whether he had sought any outside financial backing for the show, C.K. said, “Nah, I don’t do that.” Instead, he said, he is relying on a publicity push that includes television appearances and an Emmy campaign to drive viewers to the show, and to his website. “I believe that … by the summer, the show will have paid itself off, »

- Daniel Holloway

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