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It's attainable that sooner than the last few months (maybe even the ultimate couple weeks), you were not accustomed to the title "Steve Bannon." His chief declare to fame is for the time being serving as Donald Trump's chief strategist and senior counselor, a pure extension of the perform he crammed all through Trump's presidential advertising and marketing marketing campaign, along with his earlier gig as govt chair for Breitbart News, a web site that some argue he launched right into a model new interval of catering to white supremacists and neo-Nazis over the course of his time there. But even for many who've stayed mercifully away from that nightmare cyclone, there is a excellent probability that you simply're accustomed to 1 different aspect of Bannon's work, albeit solely on the enterprise (comparatively than creative) side. Back throughout the early 90s, Bannon and his company Bannon & Co. had been involved in a deal the place the highest consequence was that Bannon personally acquired a little bit of all revenue from the long-lasting sitcom Seinfeld.
Bannon himself spoke to Bloomberg in regards to the deal remaining yr, explaining what occurred when his company was employed by Westinghouse Electric to barter a minority stake acquisition in Castle Rock Entertainment, which diehard Seinfeldians will acknowledge as a result of the manufacturing agency that made Seinfeld:
As often occurred with Turner, when it acquired right here time to actually shut the deal, Ted was wanting cash. Westinghouse merely wished out. We suggested them, 'You ought to take this deal. It's an incredible deal.' And they go, 'If that's such an incredible deal, why don't you defer a number of of your cash cost and maintain an possession stake in a bundle deal of TV rights?'
The irony is clear: Under Bannon, Breitbart News often used antisemitic themes in its articles and headlines, along with, as just one occasion, the headline describing Bill Kristol as a "renegade Jew." At the an identical time, Bannon was getting rich off of Seinfeld, a sitcom that every one by means of its run was rich in Jewish heritage every in entrance of and behind the digicam.
As for exactly how so much money Bannon has comprised of his stake in Seinfeld, no one is conscious of for constructive because of the details of the deal aren't a matter of public report. But one latest report has Seinfeld incomes an unbelievable $3.1 billion up to now in reruns, so even the smallest sliver of that pie might be worth lots of of 1000's.
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