Cynthia Littleton Business EditorBobby Flay and Discovery’s Food Network have reached an agreement on a new three-year contract, a deal that comes about six weeks after negotiations stalled because the sides were too far apart on financial terms.The celebrity chef, restaurateur and author has set an exclusive pact that will keep him in the Discovery family through the middle of the decade and up to his 30th on-air anniversary with the cabler.
The new contract also expands the scope of content opportunities available to Flay’s Rock Shrimp Productions, which produces most of his shows for Food Network.
And the wide-ranging deal comes just as Discovery is poised to grow significantly through its pending merger with WarnerMedia.
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