"Seinfeld" is set to be master of a new domain: The iconic comedy will move to Netflix in 2021 as component of a global rights deal.
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Seinfeld is collection to be understand of a brand-new domain starting in 2021.
Netflix has landed worldwide rights come the iconic sitcom in a five-year resolve distributor Sony. The display will move from present rightsholder Hulu when its transaction is increase in 2021. Resources tell The Hollywood Reporter the the new Seinfeld streaming pact is worth much more than $500 million and also covers worldwide rights. By comparison, The Office and Friends relocated to NBC’s streaming platform and also HBO Max, respectively, for similar valuations that only covered domestic. The deal, sources stress, to be competitive, with Netflix beating out rich supplies from the likes the Amazon, NBC’s streamer, HBO Max, Hulu and CBS all Access.
Netflix and also Sony declined comment on financials.
The acquisition of Seinfeld because that the streamer comes after Netflix shed rights to 2 other classic NBC comedies: Friends, i beg your pardon is relocating to WarnerMedia’s HBO Max in 2020, and also The Office, which will be part of Comcast’s streaming platform beginning in 2021.
First report by the Los Angeles Times, the transaction will bring Seinfeld‘s an international streaming legal rights under one roof because that the an initial time. Hulu’s present six-year, $130 million pact is for domestic rights only; Amazon has held rights in most other territories roughly the world.
The lucrative deals because that Friends and The Office additionally only cover residential streaming rights. Terms of the Netflix-Sony transaction weren’t disclosed.
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“Seinfeld is the television comedy that all television comedy is measure against,” Netflix chief content officer Ted Sarandos said Monday in a statement. “It is as fresh and funny together ever, and also will be easily accessible to the civilization in 4K for the very first time. Us can’t wait to welcome Jerry, Elaine, George and also Kramer to their new an international home on Netflix.”
Added Sony photos Television chairman Mike Hopkins, “Seinfeld is a one-of-a-kind, iconic, culture-defining show. Now, 30 years after that premiere, Seinfeld remains center stage. We’re thrilled to it is in partnering with Netflix to carry this beloved series to current fans and brand-new audiences roughly the globe.”
Netflix is additionally home to Jerry Seinfeld’s shortform seriesComedians in Cars obtaining Coffeeand his stand-up specialJerry before Seinfeld.
Acquired collection like Seinfeld, Friends and The Office are huge drivers of intake on streaming platforms. Nielsen intake data because that 2018 claimed Netflix individuals in the U.S. Watched about 85 billion minutes of The Office and Friends — the identical of about 25 hrs for every Netflix subscriber in the country.
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This story initially misstated the annual fee Hulu pays Sony for Seinfeld.