Netflix lands Seinfeld rights in $500M-plus deal after losing Friends and TheOffice
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 tellthat 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.
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