After watching two of its biggest performers, off-network comedies
The Office and
Friends, walk out the door and onto other subscription streaming platforms this year, Netflix is about to welcome a proven breadwinner.
Sony Pictures TV’s
Seinfeld will
end its exclusive domestic SVOD run Hulu June 23 and will migrate to Netflix, where it will be available in 4K and reside under the same roof is star Jerry Seinfeld’s standup specials, ostensibly on an immediate timeline (although the top subscription streaming service hasn’t yet announced a premiere date.)
The move is tied to a deal Netflix signed with Sony in 2021 to acquire global rights to all 180 episodes of
Seinfeld, which has become the most profitable show in television history. Neither Netflix or Sony have released deal terms, but the
Los Angeles Times pegged the value of the agreement as surpassing the $500 million pocket-to-pocket transaction executed by NBCUniversal to take
The Office back from Netflix and
put it on Peacock at the beginning of this year.
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