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September 16, 2019 08:10 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/GMJNo5xrE9s/netflix-lands-seinfeld-rights-in-500m-plus-deal-after-losing-friends-and-the-office
Netflix Lands 'Seinfeld' Rights in $500M-Plus Deal After Losing 'Friends' and 'The Office'
Seinfeld will be master of a new domain starting in 2021. From a report: Netflix has landed worldwide rights to the iconic sitcom in a five-year deal with distributor Sony. The show will move from current rightsholder Hulu when its deal is up in 2021. Sources tell The Hollywood Reporter that the new Seinfeld streaming deal is worth more than $500 million and covers global rights. By comparison, The Office and Friends moved to NBC's streaming platform and HBO Max, respectively, for similar valuations that only covered domestic. The deal, sources stress, was competitive with Netflix beating out rich offers from the likes of Amazon, NBC's streamer, HBO Max, Hulu and CBS All Access. The acquisition of Seinfeld for the streamer comes after Netflix lost rights to two other classic NBC comedies: Friends, which is moving to WarnerMedia's HBO Max in 2020, and The Office, which will be part of Comcast's streaming platform starting in 2021.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/GMJNo5xrE9s/netflix-lands-seinfeld-rights-in-500m-plus-deal-after-losing-friends-and-the-office
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