Netflix has evolved as a global leader in gaining the highest popularity amongst the other streaming giants on a global scale. Going ahead in the journey, once again Netflix has made a major leap. The streaming giant has gained the streaming rights for the popular show, Seinfeld.
As per confirmation received from a Hollywood media platform, it has been confirmed that that the streaming giant has landed into getting the global streaming rights for all of its 180 episodes under the genre-defining sitcom. As known, the deal was struck with Sony Pictures Television, which is responsible for controlling the distribution rights to the NBC series. It is a five-year deal which will be beginning in 2021.
Mike Hopkins, chairman of Sony Pictures Television, threw light on this major rights gain, saying, “’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.”
Currently, Hulu is controlling the entire domestic streaming rights to “Seinfeld,” which will be expiring in 2021; however, Amazon distributes the series internationally. When the Hulu deal was first reported in the year 2015, it was estimated that the streamer was paying approximately $875,000 per episode for the series or $160 million annually.
Streaming rights of Seinfeld is going to represent a major get along for Netflix. Anticipations are even high that the streamer is set to lose large parts of its library content in the coming years as more and more media conglomerations will be beginning and launching their own standalone streaming services.
The NBC Universal streaming service is also set to take over the streaming rights to “The Office,” consistently one of the most popular shows on Netflix, beginning in the year 2021. Meanwhile, Warner Media will be become the exclusive streaming home to “Friends” upon the launch of HBO Max. Disney is also trying to pull off their content from Netflix as they launch Disney Plus in November.