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Except they continued to be in movies. Try again.
Yeah, I expected you to contort your head around far enough to wedge it up your ass. Just a matter of how much time it would take you to get it there.
Try reading the whole article. They had to be 'Paramount Pictures' Movies and they got paid shit for them.
"The new contract would also give NBC and Mr. Michaels considerable say in the movie careers of Saturday Night Live cast members. Under its terms, SNL Films, a production company co-owned by Paramount Pictures, NBC and Mr. Michaels himself, has a three-movie option that would pay the star a set $75,000 for the first film, $150,000 for the second and $300,000 for the third. Those rates used to be negotiated at higher rates. The network can also pay a star similar rates to say no to a movie being made by another studio.
“Now you can tell them, ‘Sorry, you can’t do the Farrelly brothers’ $10 million movie,” said one manager. “‘You have to do the SNL fart movie for $75,000!'”
They were literally owned and prevented from the riches of Hollywood stardom.
If Universal Studios offered them a gig for $1,000,000 then Paramount could step in and say "Nope. You'll be busy doing a Paramount picture for $75,000".
Or NBC could step in and say "Nope. We're assigning you to a 6 year sitcom."
Effectively preventing them from doing outside pictures.