The Nickelodeon sitcom Drake & Josh captivated millions of audiences during its run from 2004 to 2007. Naturally, fans would think that the earnings from the show would have financially set up the actors for life, but it seems that was not the case.

Josh Peck appeared on the latest episode of Dear Media’s Trading Secrets podcast, where the 35-year-old actor revealed how much he made while starring in the popular Nickelodeon series.

“I can only speak to my experience, but I think it’s quite public that if you were on a show like Two and a Half Men or Modern Family, and you were the kid on a massive network, syndicated show, the case could be made that you’d have enough money to last you for the rest of your life,” Peck said, before explaining why that wasn’t the case. 

During its four seasons, the show featured a total of 56 episodes. It was ranked consistently among the 10 most-watched cable shows of the week. The series premiere was watched by 3.2 million viewers making it Nickelodeon’s highest-rated series premiere in nearly 10 years.

Josh broke down how much he made per episode and how much went into fees for agents, managers and taxes.

“The reality is that, when we were making the show, we did 60 episodes and we made about $15,000 an episode,” Josh said. “So, when all is said and done, we were sort of left — after agents and managers and taxes — with about $450,000 over five years, which breaks down to a little less than $100,000 a year.”

Peck did acknowledge that his take-home was “certainly a great amount of money,” but he pointed out it’s “not enough to set you up for life.” However, it did allow Peck and his mom to live “a very middle-class life” when Drake & Josh was airing.

“My mom and I had a used BMW five series,” Peck said. “We lived in a two-bedroom apartment with amenities.”

Peck also mentioned there are “no residuals on kids’ television,” after the show wrapped, it was “as though someone had lost their job.”

Drake & Josh averaged 3 million viewers during its run, and the ratings peaked in its final season. The show was particularly popular with younger viewers. It also received two television films. Drake & Josh Go Hollywood, and Merry Christmas, Drake & Josh.

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Bhupen Dange

Bhupen is a freelance writer for Ringside News and Thirsty For News; he is pursuing further studies in Computer Science. Since high school, he has actively participated in athletic activities, and when he is not playing video games, he spends his time in the gym training, watching movies, and walking his dog outside.

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