- Associated Press - Wednesday, May 4, 2011

LOS ANGELES (AP) - The Emmy Awards and the four major TV networks have an eight-year, $66 million agreement in place to air the ceremony.

The Academy of Television Arts & Sciences’ board of governors approved the deal Wednesday night with ABC, CBS, Fox and NBC, according to a statement from the academy and the networks.

The broadcasters will continue a “wheel rotation,” with each airing the Emmys in turn. Fox kicks off the new cycle with this year’s Sept. 18 ceremony.

After protracted negotiations, the networks will pay a license fee of at least $8.25 million for the ceremony each year, according to a statement.

The previous agreement, which was reached in 1992 and expired this year, guaranteed license fees of $7.5 million per year for the past four years.