“Seinfeld” is heading to Netflix.
A new deal between the streaming giant and Sony Pictures Television, which controls the distribution of the beloved sitcom, was announced earlier this month.
According to a new report from The Wrap, insiders say the deal is said to be worth over $500 million, with co-creators Jerry Seinfeld and Larry David each expected to make between $100 – $125 million each from the deal, though another source said the amount was significantly higher.
“‘Seinfeld’ is a one-of-a-kind, iconic, culture-defining show,” Sony’s chairman Mike Hopkins said in a statement to the Los Angeles Times. “Now, 30 years after its premiere, ‘Seinfeld’ remains centre stage. We’re thrilled to be partnering with Netflix to bring this beloved series to current fans and new audiences around the globe.”
Netflix will have all 180 episodes of “Seinfeld” available for users.
Fans should be ecstatic with the news as two beloved sitcoms, “Friends” and “The Office”, will leave Netflix. The rights to “Friends” were bought by HBO’s upcoming streaming service, HBO Max, while NBC will exclusively hold “The Office” on their new platform.
“Seinfeld” originally aired from 1989 to 1998 for nine seasons. The series starred Seinfeld, Julia Louis-Dreyfus, Jason Alexander and Michael Richards.
The five-year pact between Sony and Netflix takes effect in 2021.