A source told Page Six that the pair is hoping to land a deal with more money once Discovery Communications finalizes its purchase of HGTV.
Additionally, the source mentioned that the couple negotiated a change to their contract so that the network wouldn’t get a cut of profits from their successful Target collection but are hoping to land a deal with “more money, less work, more control.”
According to an HGTV insider, the network doesn’t want to make the same mistake they made with Rachael Ray years ago.
HGTV’s parent company, Scripps, owns the Food Network who signed Rachael Ray. Many years ago, the star made millions from starting a magazine, launching product lines, and endorsement deals.
“And so while Food Network turned Rachael Ray into a star, she made tens of millions and Scripps got none of it. After Rachael, they made sure no talent deal would ever put them in that situation again,” the source told Page Six.
Yikes! This is a sticky situation for Jo and Chip. Do you agree with their decision to leave HGTV for financial reasons? Share your thoughts in the comments section.