Louis C.K. is millions of dollars in debt because of a strange decision he made

Louis CK millions of dollars in debt

Louis C.K. has a new show that you probably haven’t heard much about — if anything at all.

The show is called “Horace and Pete,” and it stars C.K. and actor Steve Buscemi as two owners of an Irish bar.

C.K. created the show, which can only be seen on his website, and a lack of viewers has put him millions of dollars in debt.

The comedian went on “The Howard Stern Show” on Monday to promote the show and while speaking with Stern he explained his financial blackhole.

He said he self-financed the first four episodes, which cost $2 million, in the hope that he’d make his money back after people started paying to watch them.

The first episode costs $5 while the second is $2, then $3 for episodes 3-10.

To finish the season C.K. had to take out a line of credit.

“I’m millions of dollars in debt,” C.K. told Stern.

C.K. admits that the show costs significantly more to produce than the stand up specials he sells on his personal website. He also admits that he didn’t promote the show on purpose.

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“I got so excited by the idea of having a show appear from nothing,” he told Stern.

Now he’s going on Stern and other big outlets to get the word out about the show.

Down the road the popular comedian is hoping to sell the show to a TV network.

To help make up the money he’s lost, C.K. said he plans to go out on the road doing stand-up.

Don’t feel down for C.K., this is what he has to say about his altruistic decision.

“No other way could have made a show that when you’re watching it, you don’t know what’s going to happen, when you’re going to see another one, you don’t know who’s in it,” he said. “That was well worth it for me.”

Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at OnlineDegree.com.