Louis CK Bankrupt? Comedian Says He's 'Millions In Debt' After Making ‘Horace & Pete’

Comedian Louis C.K. paid a visit to fellow New Yorker, radio host Howard Stern on Monday, where he explained why his online drama series “Horace & Pete” is leaving him dry; as in millions of dollars dry. The series premiered unannounced on his website LouisCK.net last January, and users could buy each episode for $2-5 a piece, while each cost almost half a million dollars to make.

For obvious reasons, Stern asked the comedian if he thought it might be a good idea to just drop the show altogether, but he said he trusts the show will pick up on itself when he begins television appearances and an Emmy campaign to drive viewers to the show, and to his website. “Nah, I don’t do that. I believe that … by the summer, the show will have paid itself off,” he said convinced.

C.K. also told Stern he had gotten a credit line for $2MM to get the first four episodes started, except they left him with “no cushion life” if there weren’t any sales. The show stars C.K. and Steve Buscemi as brothers and proprietors of a Brooklyn bar.

In addition, the comedian seems to be ready to end his run on the hilarious FX series "Louie." In a recent interview with HitFix TV critic Alan Sepinwall, C.K. spoke of the future of "Louie" and it sounds bleak.

"I can’t feel that show anymore," C.K. told Sepinwall. "[It] feels very far in the past."

This echoes previous statements C.K. has made regarding his return to the series. Back in January during the panel for "Baskets," C.K. was asked by Variety when he thinks "Louie" will return.

"I don’t know. I just don’t know. I don’t know. I think about it sometimes and I just don’t know," he said. "It’s such an autobigraphical thing that I could do a version of ‘Louie’ when he’s 60, if anyone gives a sh-t… By the time I want to, I might say, ‘Hey guys,’ and they’ll be like, ‘Who is this?'"