Matt Stone Net Worth
Matt Stone net worth: Matt Stone is an American screenwriter, voice artist, actor, and producer, and co-creator of "South Park" who has a net worth of $700 million. He was born on May 26th 1971 to Gerald Whitney Stone and Sheila Lois Belasco. He also has a sister named Rachel. He would later go on to name the members of Kyle's family after his own. He attended the University of Colorado in Boulder where he was a double major in mathematics and film.
It was at the University of Colorado where he met his longtime friend and collaborator Trey Parker. His first success came from a low budget film called "Cannibal! The musical". He co-produced and acted in the movie. Encouraged by their modicum of success, they two set out to create a short animation called "Jesus VS Santa". Jesus Vs Santa turned out to be a viral smash hit years before there was such a thing as Youtube. The film was getting passed around on VHS tapes until it eventually caught the attention of an executive at cable powerhouse Comedy Central. Comedy Central immediately offered Stone and Parker the chance to create a show. That show was "South Park". South Park has been on the air for over a decade and has no signs of slowing down. It has produced tons of merchandise and a 1999 theatrical version of the show. In addition to South Park, Matt has also acted in movies like BASEKETball and co-directed Team America World Police. He currently resides in Venice California. Matt and Try co-created the smash hit Broadway musical Book of Morman which is currently traveling the world. To date, Book of Morman has grossed over $500 million worldwide from ticket sales, merchandise and more.
Matt Stone has been married to Angela Howard since 2008. They've been in a relationship since 2001. They met when Angela was working as an executive at Comedy Central. They have two children together.
Digital Contract: Back in 2007, Matt and Trey's Comedy Central contract was up for renewal. When the ink was dry, the duo landed a new deal that is considered unprecedented in Hollywood. The deal allowed Matt and Trey to create a digital hub for everything related to South Park, including streaming episodes. Most importantly, though, it gave them a 50% cut of all ad revenue generated by the show digital or broadcast.
As a result of this unheard of contract, Matt and Trey earn an estimated $25-30 million per year EACH just from the broadcast of the show on Comedy Central. They also get a 50% cut any time the show is sold into syndication, like the time in 2015 when Hulu paid $198 million for the streaming rights or in 2019 when South Park's streaming rights were put on the market for $500 million. Each transaction earned the due a 50% cut (25% each).
An Extremely Valuable Contract Clause: How were they able to land such a sweet deal? It all stems back to a loophole in their very first Comedy Central contact from 1997. Back then, no one could have imagined that the digital rights to a property could ever become valuable. Well, no one except Matt, Trey and an extremely forward-thinking lawyer. That lawyer (who I hope was well-compensated) included a clause in the original contract which stated that the creators would receive a 50% cut of any revenue generated apart from the actual show's television broadcast. For around twenty years, that clause was essentially worthless. That all changed with the advent of YouTube and other video streaming platforms.
Viacom briefly attempted to argue their way out of the clause, but in the end Trey and Matt were successful in not only owning a 50% cut of non-broadcast revenue but also in having the right to distribute the show digitally as they saw fit. Once they saw their show being pirated non-stop on YouTube, Trey and Matt decided it would be pointless to fight the pirates, so they put every single episode online for free, earning millions from the digital ad revenue. They really started to cash in with the advent of streaming services like Hulu. When Hulu paid $192 million for 4 years of rights to the back catalogue, Matt and Trey each earned around $50 million. It was the largest streaming deal in history up to that point.
In 2019 when the deal was up, they put the franchise on the market for $500 million, which would equate to around $125 million each.
Merchandise: Viacom/Comedy Central was smarter when it came to merchandise rights. From the show's inception, Viacom has had a lion's share of merchandise rights. Reportedly as high as 90%. That might have been re-negotiated in recent contracts, but the current terms have not been discussed publicly.
Real Estate: In 2005, Matt spent $3.5 million on a 3,000 square-foot home in Venice, California. He listed this home for sale in January 2020 for $4.5 million. He owns a smaller property nearby which he bought in 2003 for $800,000. In 2008 he spent $5.15 million to buy an entire floor of a New York City building. He sold this property in April 2019 for $6.15 million.
|Net Worth:||$700 Million|
|Date of Birth:||May 26, 1971 (48 years old)|
|Height:||6 ft 1 in (1.87 m)|
|Profession:||Screenwriter, Actor, Television producer, Animator, Film Producer, Voice Actor, Musician, Television Director, Film director, Film Score Composer|
|Nationality:||United States of America|