Sep 16, 2019

Seinfeld is coming to Netflix in 2021

Photo: David Yeh/NBC/NBCU Photo Bank via Getty Images

Netflix on Monday finalized a 5-year contract for the streaming rights of Sony Pictures Television's sitcom "Seinfeld" beginning in 2021.

Why it matters: Landing the 180-episode series is a win for Netflix, which recently lost streaming rights to fan favorite sitcoms "Friends" and "The Office." Terms of the transaction were not disclosed, but the rights are for worldwide distribution, the Los Angeles Times first reported.

Go deeper: Netflix tightens its purse strings for film and TV projects

Go deeper

New streamers battle over old shows

Photo by George Lange/NBC/NBCU Photo Bank via Getty Images

Streaming services are putting up billions of dollars to win the rights to TV classics like "Friends" and "Seinfeld," both of which debuted over 2 decades ago on broadcast.

Why it matters: Many of these classic shows had previously been made available on other streaming services, but they're now being scooped up — and often for a lot more cash — by rivals that think they're necessary to compete for users.

Go deeperArrowSep 23, 2019

A whole new world for Netflix

Photo: Getty Images

Since announcing it had shelled out half a billion dollars for rights to stream "Seinfeld" starting in 2021, Netflix's stock has been careening downward, highlighted by Friday's 5.5% drop.

What's happening: The stock has been challenged for much of the year, but suffered mightily after what initially looked like a reprieve in July until it released disappointing Q2 earnings showing it lost more than 100,000 subscribers in the U.S. (It was expected to gain over 300,000.)

Go deeperArrowSep 23, 2019

HBO Max gets U.S. streaming rights for "The Big Bang Theory"

Photo: Sonja Flemming/CBS/Getty Images

HBO Max has acquired the U.S. streaming rights to all 12 seasons of "The Big Bang Theory" for 5 years in a deal worth close to $500 million, a person familiar with the deal told the Wall Street Journal.

Why it matters: Streaming services are increasingly willing to enter into mega-deals for the streaming rights to enduringly popular network shows to provide a foundation to draw in viewers along with their original content.

Go deeper: Seinfeld is coming to Netflix in 2021

Keep ReadingArrowSep 17, 2019