Netflix

Seinfeld is coming to Netflix in 2021

Seinfeld logo
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

The streaming battlefield is getting crowded

Illustration: Sarah Grillo/Axios

As the streaming wars heat up, consumers are going to have to be choosy about which services they subscribe to, or risk racking up steep monthly bills.

Why it matters: Digital streaming was supposed to break up the expensive cable bundle, but now that so many companies are launching their own services, paying for TV could get even more expensive and complicated.