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Pete Davidson shared insights on the compensation of SNL cast members during a video commemorating the show’s 50th anniversary. Despite its iconic status, Davidson revealed that the pay isn’t as substantial as many might expect, citing his first check of around $3,000 per episode, which he humorously noted was mostly spent on dinner. Jason Sudeikis joined in, reflecting on his time with the show and mentioning that much of his salary went toward covering living expenses in New York City. Their experiences reveal a stark reality about the hefty costs associated with life in one of the world’s most expensive cities.

While the financial rewards of being on SNL might not compare to other entertainment ventures, various cast members reminisced about their initial purchases. Seth Meyers fondly recalled buying a large couch and television, underscoring the moment of relief and satisfaction that comes with making a significant milestone in one’s career. Similarly, Bowen Yang mentioned indulging in high-end Gucci shoes. These expenditures, while seemingly modest, highlight the significance of the first paycheck for many cast members, who often feel immense pride in marking their entry into such a prestigious show.

As part of the buildup to SNL’s 50th anniversary in 2025, exciting plans are in motion, including a three-hour live primetime special scheduled for February 16. This event will celebrate the show’s legacy with performances from both current and former stars, much like the successful 40th Anniversary Special that featured renowned artists like Paul McCartney and Kanye West. The ongoing celebrations are a testament to SNL’s enduring impact in entertainment, combining nostalgia with new performances to attract both long-time fans and a new audience.

The current installment of SNL began its 50th season in September, featuring a lineup of notable hosts and musical guests, ensuring the show continues to evolve. With figures such as Paul Mescal and Chris Rock set to appear, the season promises an exciting variety of content. SNL has maintained its relevance by blending traditional comedy with contemporary cultural commentary, drawing in viewers who appreciate its unique take on the current events landscape.

Lorne Michaels, the show’s creator and executive producer, has previously hinted at stepping down, stirring discussions among cast members regarding the show’s future leadership. In a more recent interview, however, Michaels clarified his stance, emphasizing his commitment to remain until he feels he is no longer contributing effectively. His enduring passion for the show and its importance to network television reinforces the challenge of finding a successor who can uphold its legacy and vision.

Weekend Update coanchors Colin Jost and Michael Che also weighed in on the prospect of Michaels’ retirement, expressing a shared reluctance among the SNL family about his potential departure. Both Jost and Che articulated their concerns over the challenges that would come with replacing someone as pivotal as Michaels, suggesting that future leadership might require a collaborative approach rather than a single successor. These discussions highlight the unique culture within SNL, where collective input and legacy are as significant as individual contributions to the ongoing success of the show, which continues to air every Saturday night.

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