'Big Bang Theory' renewed 2 seasons

'The Big Bang Theory' deal is done: Renewal through Season 12 on CBS

TV's highest-rated comedy, The Big Bang Theory, has been renewed for two more seasons, CBS and Warner Bros. announced Monday.

"The Big Bang Theory" will air on the network for at least two more seasons, as the company reached a deal that extends the show through season 12.

The cast includes Johnny Galecki, Jim Parsons, Kaley Cuoco, Simon Helberg, Kunal Nayyar, Mayim Bialik and Melissa Rauch. They have been negotiating new contracts, and I hear they are close but not closed yet. They will now be earning $900,000 an episode, according to THR.

While Big Bang's production price tag - covered in large part by CBS at this point in the series' run - is creeping up to an eye-popping $10 million an episode, the comedy series is in its own league performance-wise.

With the new agreement, broadcast television's #1 scripted series in viewers, adults 18-49 and adults 25-54 has been renewed through the 2018-2019 season. That, however, pales in comparison to the money that the series has made in syndication - a little under $1 billion so far.

THE BIG BANG THEORY, which premiered in September 2007, has been television's #1 comedy in viewers since 2010-2011 and continues as the #1 comedy in key demographics for the fifth straight season. Titled Young Sheldon, the show will be narrated and executive produced by Parsons and focus on the his character's childhood and upbringing in Texas. Chuck Lorre and Steven Molaro, who produce Big Bang, also will produce Sheldon.

The stars of the show, which is now in its 10th season, agreed to a new deal with production company Warner Bros., paving the way for a renewal by CBS.

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