Eric Braeden stays put on 'The Young and the Restless'

Sony has confirmed that it signed a new deal with Eric Braeden to keep the soap opera veteran as Victor Newman on The Young and the Restless. Braeden, 68, was preparing to say goodbye to the show that he called home since 1980 after the production company demanded that he take what he described as a ”substantial” pay cut to his seven-figure salary. Terms of the new deal were not released but a source familiar with the negotiations said the actor ended up accepting a pay decrease in exchange for a new, three-year pact.

Speaking exclusively to EW.com, Braeden said he and Sony returned to the negotiating table today and settled the deal amicably (he declined to comment on the specifics). “All’s well that end’s well,” Braeden said. “Both sides were reasonable. We were both satisfied with the outcome. This business is tough.”

Braeden is not sure when he’ll return to the set because the writers have to figure out how to write him back into the show. Asked to explain how his character was going to leave in the first place, Braeden said executive producer/head writer Maria Arena Bell had Victor “going off to rehabilitation.” The notion makes him laugh now. “It was rehabilitation … from the negotiations,” Braeden said, chuckling. “He’s been cured miraculously! Miracles do happen. A week ago, I didn’t think they would.”

CBS released the following statement: “We’re very happy that Eric will be remaining with The Young and the Restless. Victor Newman has been an important part of the Genoa City canvas for nearly 30 years, and we know our audience will be tuning in to see what his plans are next.”

Bell released her own statement, as well: “We are thrilled to have Eric Braeden continue as the one and only Victor Newman. We look forward to his timely return … and we are delighted that Eric will continue his extraordinary work on The Young and the Restless.’”

Robin Wright Penn Can't Wait to Get Divorced

Robin Wright Penn thinks her career will benefit from her impending divorce from Sean Penn.

The 'Forrest Gump' actress – who filed for divorce from the Oscar-winning actor in August citing "irreconcilable differences" – is keen to focus on acting now she is single and the couple's children, Dylan, 18, and 16-year-old Hopper, are older.

She told Redbook magazine: "I turned down so many films because I wanted to be a mom that they stopped offering. I gave up a lot for my kids, but I didn't give up...I'm very content with the way it all turned out."

"I have no regrets for my life that has been lived. New beginnings, definitely. For me, my career too. My kids are older now."

Robin, 43, also spoke about her anger over her marriage split becoming public news.

She said: "It never feels good. Yes, it's divorce; it's a given that it will be public. But...it's so disrespectful. It's like, 'You're an actress, you owe us this?' 'F--- you' is what I say."

In April, Sean filed for separation from Robin but a month later asked California's Marin County Superior Court to dismiss the case claiming it was an "arrogant mistake".

It was not the first time the couple had announced they were divorcing only to change their minds.

Sean, 49, first filed for divorce in December 2007, but his petition was dismissed. Three days later Robin filed her own paperwork.

However, in April 2008, they made a request to have their divorce petition dismissed as they wanted to give their relationship another chance.

New Melrose Place - Heather Locklear Trailer!

OMG, can you say THE BITCH IS BACK!

TLC MEMBER T-BOZ REVEALS HOLDING CLIVE DAVIS AT GUNPOINT

Back in the 1990s, TLC became the top-selling girl group of all time, so they had some power. So much power, in fact, that once when the group didn't get money owed them by their record label, they held storied record executive Clive Davis at gunpoint.

Tionne "T-Boz" Watkins recently hit up comedian Monique's late night show to spill the beans behind this moment in TLC's colorful history.

"TLC had generated, on 'Crazy Sexy Cool,' $75 million and they gave us $50,000 a piece," Watkins said. "I was like, what the hell? So, of course, Lisa ['Left Eye' Lopes] was the ringleader, like, 'We need to go get our money. I need to know where my money is at!'"

"We had the limo driver, he was the getaway car," Watkins continued. "So we went up there, and Puffy was the one that snitched us out because we kicked him out of the meeting. It was rude -- we interrupted Puffy's meeting. We were getting sick and sweating, and we were really working hard for [the] money and we wanted to know who the hell had our check. [LaFace Records head] L.A. [Reid] said [then-Arista chief] Clive had it, [so] that's where we went."



In the end, the girls prevailed and, lucky for them, weren't arrested for their stickup. "They did give us some money, but they still took it back and recouped it, but it's all good," she explained. "You live and learn in the business."

Since the 2002 death of Lopes, the group famous for hits like 'Waterfalls' and 'No Scrubs' has maintained a low profile. Last weekend, T-Boz and fellow surviving member Rozonda "Chilli" Thomas performed their first concert in seven years at the Justin Timberlake and Friends charity event in Las Vegas.

T-Boz and Chilli are currently prepping an upcoming tour.