Louis C.K. claims he's 'millions in debt' after using his own money to produce web-only series Horace And Pete's

By Rachel Mcgrath For Dailymail.com

Published: 17:16 EST, 12 April 2016 | Updated: 18:52 EST, 12 April 2016

Louis C.K. has revealed he's 'millions of dollars in debt' after funding his own web series Horace And Pete's. 

The comedian and actor told Howard Stern he spent $2 million of his own money on the show that's available to stream from his website.

'It will hurt, and it will leave me with no cushion in life, but I’m willing to do that,' the 48-year-old said, according to Deadline.com.

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'Millions in debt': Louis C.K. has said he ploughed $2 million of his own money into his web series Horace And Pete, that began streaming on his website in January

'Millions in debt': Louis C.K. has said he ploughed $2 million of his own money into his web series Horace And Pete, that began streaming on his website in January

The first episode of Horace And Pete's, in which he stars with Steve Buscemi as co-owners of an Irish bar, appeared online in january.

It's made through Louis' production company and guest stars the likes of Edie Falco, Jessica Lange and Alan Alda.

'I made the first four (episodes), and I didn’t tell nobody and it made a nice little amount of money,' he explained.

''When I got to episode four, I was like, ‘Hey gang, I don’t have any money.’ So I had to take out a line of credit.'

Web series: The comedian and actor stars in the show about two guys who co-own an Irish bar with Steve Buscemi

Web series: The comedian and actor stars in the show about two guys who co-own an Irish bar with Steve Buscemi

Star-studded: Other New York based actors who also appear on the series include Edie Falco, Alan Alda and Jessica Lange (pictured with Louis)

Star-studded: Other New York based actors who also appear on the series include Edie Falco, Alan Alda and Jessica Lange (pictured with Louis)

Louis is now doing a round of interviews to push the web series.

He said sales picked up after he appeared on Jimmy Kimmel Live, and he has appearances scheduled on The Tonight Show With Jimmy Fallon and with Charlie Rose.

He now believes that he'll make his money back by the end of the summer ad also hopes to sell it to another outlet.

If for some reason that doesn't happen, he has a fall back plan. 

'I’ll go on the road, doing stand-up, afterwards, and I’ll make it back,' he said.

Don't cry for him: While he's confident Horace and Pete's will eventually turn a profit, Louis said if needs be he'll go out on the road to recoup the millions he's invested in the show

Don't cry for him: While he's confident Horace and Pete's will eventually turn a profit, Louis said if needs be he'll go out on the road to recoup the millions he's invested in the show

 

 

 

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