Looks like the news regarding Louis CK's finances after going in debt on "Horace and Pete" has been greatly exaggerated.
On Wednesday, the comedian sat down and talked with Bill Simmons on his podcast and discussed everything happening in his life. CK revealed that producing the Web series "Horace and Pete" did put him in debt, but it didn't leave him penniless, reports The Hollywood Reporter.
"I'm so not broke," said CK. "It's kind of crazy to see how wrong it gets and to see how far that wrongness spreads."
Earlier this month during an interview with Howard Stern, CK said his series concluded April 2 and left him millions of dollars in debt. He confirmed with Simmons that it is indeed true that the show left him in debt, but he clarified that most TV shows carry debt.
"I didn't lose money, I invested money," said C.K. "I own a complete series. It's an enormous asset and it's mine forever."
Furthermore, the comic told Simmons he wanted to conduct an experiment and see how well "Horace and Pete" could do without help from the media.
"I wanted to see how it would spread word of mouth," he said. "You can't make a show without losing some money first."
With that bit clarified, CK went on to say that he does have future plans for the series. "Hopefully we'll get Emmy nominations, which I'm going to push for. And then we'll sell it to Netflix or somebody else or Hulu," he said.
"Horace and Pete" have 10 episodes in total, and all are available for purchase on CK's website.
CK also wanted to set the record straight and said the series was not "canceled," rather it just came to an end. He compared it to viewers saying "Raiders of the Lost Ark" or "The People v. O.J. Simpson" was canceled when there is simply just an end to the story.
You can listen to the full interview below:
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