Seinfeld is headed to Netflix for subscribers to stream in early 2021, beating out other media companies for the airing rights…
It’s well-known Friends will leave Netflix next year but the popular streaming service has picked up another fan-favorite — Seinfeld.
Netflix Acquires Global Rights to Seinfeld and will Stream it In Early 2021
Starting in the early part of 2021, Netflix’s library will include the “show about nothing.” And, it will stream in 4K.
The addition comes after the expiration of the show’s deal with rival service Hulu. It’s unknown how much Netflix paid for the rights to the 90’s sensation but rumors estimate it’s about $425 million, nearly the same as WarnerMedia’s Friends deal.
Netflix reportedly beat out competitors WarnerMedia, Comcast, and Hulu alike. The original arrangement in 2015 for Hulu cost $160 million for the popular series.
The revenue will be divided among owners WarnerMedia, CBS, Jerry Seinfeld, and Larry David. Jerry Seinfeld already has an established relationship with Netflix, which currently is the home to Comedians in Cars Getting Coffee.
Sony Pictures Television chairman Mike Hopkins tells the Los Angeles Times the following:
“Seinfeld is a one-of-a-kind, iconic, culture-defining show. Now, 30 years after its premiere, ‘Seinfeld’ remains center stage. We’re thrilled to be partnering with Netflix to bring this beloved series to current fans and new audiences around the globe.”