Jerry Seinfeld and Larry David are set to earn & $ 39 million EVERY & # 39; in Netflix deal to buy streaming rights for their hit show Seinfeld
- Earlier this month, Netflix revealed that it had acquired worldwide rights to the popular sitcom Seinfeld from 2021
- According to sources, the makers of Seinfeld, Jerry Seinfeld and Larry David, will earn $ 100 million
- Netflix signed a reported deal of $ 500 million to secure the online streaming rights for all 180 episodes
- Rival Hulu, a subsidiary of Disney, has had the rights to the show since 2015
Seinfeld makers Jerry Seinfeld and Larry David reportedly earn $ 100 million each from the new Netflix deal.
The streaming giant revealed earlier this month that it had acquired worldwide rights to the popular sitcom Seinfeld from 2021.
Sources told The wrap that Seinfeld and David each earned between $ 100 million and $ 125 million.
Representatives from both Seinfeld and David did not want to comment on the deal.
Seinfeld makers Jerry Seinfeld and Larry David reportedly earn $ 100 million each from the new Netflix deal
Netflix signed a reported $ 500 million deal with Sony Pictures Television, which manages the show's distribution, to secure online streaming rights for all 180 episodes of Seinfeld.
Rival Hulu, a Disney subsidiary, has had the rights since 2015, but that deal will end in two years.
Viacom Inc has purchased the exclusive cable rights to Seinfeld.
The terms of the Sony deal with Netflix and Viacom were not disclosed.
Seinfeld, a show with comedian Jerry Seinfeld who played a version of himself and was often humorously described as a show about nothing, followed four self-processed friends in New York City.
It was a hit on the NBC broadcast network in the nineties.
Seinfeld, a show with comedian Jerry Seinfeld who plays a version of himself and is often humorously described as a show about nothing, followed four self-processed friends in New York City
The news of the latest deal is a slight revival for Netflix, which has lost the rights for Friends from next year and for the US version of The Office from 2021 – the two most viewed series it has to offer.
NBCUniversal paid $ 500 million over five years to have The Office and WarnerMedia spend $ 425 million, also in five years, to acquire Friends for its new HBO Max platform.
Classic television series have become a hot commodity in the escalating battle to stream supremacy.
Current major players such as Netflix and Amazon are watching Apple and Disney, which will be launched later this year, and then NBCUniversal and WarnerMedia in 2020.
Sony Pictures Television, which manages Seinfeld's distribution, launched its own platform, PlayStation Vue, but it never really got started.
In addition to The Office and Friends, Netflix will soon also lose the rights to the catalog of Star Wars, Pixar and Marvel superhero films that belong to Disney.
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