Fox sells rights to air repeats of 'The Simpsons' in $1bln deal

Fox's sister channel FXX has won the rights to air repeats of the US sitcom 'The Simpsons', it has been revealed.

In an agreement possibly worth north of 1 billion dollars and dubbed by Fox executives one of the biggest television syndication deals ever, repeats of every single episode of "'The Simpsons' arrive on cable next August, the New York Daily News reported.

Not shockingly, 20th Century Fox Television, the studio that produces TV's longest running comedy, has sold the cable rights to its new comedy-themed sister channel, FXX.

Terms of the deal were not disclosed but Fox executives said that FXX landed the series after an itense bidding war with TBS and Comedy Central, paying possibly around 1 billion dollars for rights.

TV industry analysts estimate a FXX will pay between 1 million and 2 million dollars an episode, turning the payday into a windfall worth anywhere between 550 million dollars to more than 1 billion dollars.