Report: Charlie Sheen Set to Receive $25M Settlement

Warner Bros. still denying payout

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Charlie Sheen and Warner Bros., home of the actor's former TV show, Two and a Half Men, are finalizing a multimillion-dollar settlement to end the battle that resulted from Sheen’s firing in March.

Sources told the Los Angeles Times that the settlement could reach a whopping $25 million, a figure “derived primarily from Sheen's participation in profits from the show.” If that number seems high, remember that Sheen was the highest paid man on television when he was booted from the show, making $1.2 million per episode.

Including the eight episodes he didn’t make last season—the show was shut down last January so that Sheen could seek treatment for substance abuse—Sheen was under contract for 24 more episodes, meaning that he was set to make another $38.4 million plus a cut from rerun profits. His last deal with Warner Bros. was due to expire in 2012.

After Warner Bros. refused to let Sheen go back to work, leading to his infamous public meltdown and eventual firing, the actor sued the studio for $100 million for wrongful termination. A California Superior Court judge ruled that any contract dispute had to go to arbitration.

A spokesman for Warner Bros. denied that there was any settlement, but according to the L.A. Times, the agreement in the process of being “ironed out.”

@adweekemma Emma Bazilian is Adweek's features editor.