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Stephen Colbert’s ‘Peanuts’ Prank Pays Off: CBS Signs Deal, Donates to Charity

TrueCelebz Quick Take:

The Final Joke That Cost a Fortune

Stephen Colbert didn’t just wave goodbye to The Late Show; he stuck it to the man with one last musical prank. During his final episode in May, he had his band play the iconic "Peanuts" theme while jokingly hoping it wouldn't cost CBS any money.

The irony was thick enough to cut with a knife, especially since the copyright holders had just launched a legal blitz over similar unauthorized uses. Colbert seemed to be daring the network to face the music, literally and figuratively, in what was surely one of his most memorable send-offs.

A Happy Ending for the Copyright Holders

Well, it turns out the joke did have a price tag, but not in the way anyone expected. CBS signed a licensing agreement with Lee Mendelson Film Productions to officially cover the track "Linus and Lucy."

Instead of handing the cash to a law firm, all proceeds from the deal are going to World Central Kitchen. This aligns perfectly with Colbert’s own generous $2.5 million donation to the charity before his show ended, proving that even a legal dispute can have a heartwarming payoff.

Jason Mendelson, chairman of the film production company, noted that they found the usage funny and entertaining. He emphasized that their main goal is to educate businesses on getting proper licenses, rather than just punishing them, which is a pretty gracious way to handle a late-night gag.

This whole saga plays out like a classic episode of Meanwhile... Make Your Own Booze | Paying For "Peanuts" | Vintage Pharma Swag by The Late Show with Stephen Colbert, where the lines between comedy and consequence blur in the most delightful ways. The band leader Louis Cato even confirmed the musical mischief on air, sealing the deal with a cheeky acknowledgment of the potential financial fallout.

Harvesting Laughter Until the End

Colbert’s 11-year run has come to a close, but his desire to simply make people laugh remains his lasting legacy. He told The Hollywood Reporter that he wants to be remembered for harvesting laughter, a mission he continued even on public access TV in Michigan just days after his finale.

While CBS didn’t immediately comment on the situation, the resolution shows a win-win for everyone involved. The copyright holders got their due respect and a donation, CBS avoided a lawsuit, and Colbert got the last laugh.

It’s a silver lining that proves comedy often finds its own way to resolve conflict. Whether through legal agreements or charitable donations, the spirit of fun seems to prevail in the end.

Sources: hollywoodreporter.com usatoday.com billboard.com nydailynews.com

By TrueCelebz · Jun 16, 2026 · 21 views

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