The Hollywood Reporter… uh… is reporting that Family Guy creator Seth MacFarlane has just signed a deal with Fox worth in excess of $100 million.

Says the Reporter–

The pact, which could be worth more than $100 million, will keep MacFarlane at 20th TV through 2012. It covers his services on “Guy” and his other two animated series for 20th TV and Fox — “American Dad!” and the upcoming “Guy” spinoff “The Cleveland Show” — as well as his TV development, including a multicamera comedy with “Guy” writer Gary Janetti. It also encompasses new-media projects related to MacFarlane’s TV series as well as DVD and merchandising revenue from them. (”Guy” alone has grown into a $1 billion franchise with red-hot DVD and merchandise sales.) Additionally, the deal is said to include advances towards MacFarlane’s back end, which is expected to increase under the new deal.

Pretty impressive if you considered that Fox initially canceled the Family Guy!

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