The Emmy winning hit sitcom “Will & Grace” graced the small screen for eight solid seasons, but after the show wrapped production, creators David Kohan and Max Mutchnick sued the rainbow-colored peacock for $55 million alleging fraud and breach of contract. Though terms of the settlement have not been made public, attorney for the plaintiffs said, “[They were] very satisfied with the settlement.” In other words it was simply fabulous.

KoMut Entertainment, the production company owned by the plaintiffs, alleged that NBC Studios cut an unfairly cheap licensing deal for reruns of the show when negotiating with NBC. NBC companies effectively controlled both sides of the negotiations with the only losers being those who actually created the show. The licensing deal was valued at $300 million, but NBC claimed Kohan and Mutchnick chose not to participate in the dealings.

NBC had promised they would be fair in maximizing future revenues such as these in order to keep the show from leaving for the likes of Warner Brothers in 1999.

A verdict had been announced in the two-month case late Wednesday after six-days of jury deliberations, at which time NBC quickly returned to the negotiating table.

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