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“Streaming is the future of TV. But for now a big part of the streaming business revolves around old TV shows.
Latest case in point: Netflix is paying a lot of money for the rights to show Seinfeld to its 150 million subscribers around the world, starting in 2021.
That means the show, which originally ran on NBC from 1989 to 1998, will be moving from its current streaming homes — Hulu in the US and Amazon in most of the rest of the world — for a five-year run.
Netflix isn’t saying how much it’s paying for Seinfeld’s 180 episodes. But the Los Angeles Times, which broke the news today, cites sources who say Netflix will end up paying more than the $500 million NBCUniversal is reportedly paying for The Office for its future streaming platform, or the $425 million Warner Media reportedly paid to get Friends back. Hulu’s current deal has it paying $130 million for six years of Seinfeld.
The theory underscoring the price hike: The price for TV shows that people have heard of, that also have big, bingeable back catalogs of 100 episodes or more, continues to rise in the US as more streaming competitors come online. Netflix is also streaming this stuff around the world, as opposed to the US-centric focus some other services have.”
JJ Editor's Picks
"In June, I joined the crew of the rescue ship Alan Kurdi. It was a cantankerous old brute of a boat, a former East German research vessel that now belongs to a small German nonprofit called Sea-Eye. “You are an eye on the sea,” the crew manager..."
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"For more than six decades, Loren Coleman has dedicated his life to Sasquatch. Since beginning his investigatory fieldwork in 1960, he’s written books, given talks, and taught university courses related to the concept of Bigfoot and other cryptids.."
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"“Billionaires should not exist,” Senator Bernie Sanders said last month. And, at the Democratic presidential debate this week, he said that the wealth disparity in America is “a moral and economic outrage.” “Senator Sanders is right,” said Tom..."
Americans are lucky they can't see it. Starring Selena Gomez and Timothée Chalamet, ‘A Rainy Day in New York’ won’t be shown in the U.S. because of the sexual abuse allegations against its famed director. Good thing; it's terrible."
"After spending six months in jail on the outskirts of Moscow, a young Israeli woman named Naama Issachar was sentenced on Oct. 11 to seven-and-a-half years of imprisonment in Russia. Both the extreme sentence and trumped-up charges of drug..."
"Kamala Harris wants to ban President Trump from Twitter. The California senator put her case for digital ostracism front and center at the fourth Democratic debate Tuesday, pushing Sen. Elizabeth Warren (D-Mass.) to join her in pledging to delete.."