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Transfer apart, “Mates” and “The Workplace.” Netflix now has a brand new gem — a present about nothing.
The corporate introduced Monday it might begin streaming all 180 episodes of “Seinfeld” in 2021, gaining a massively fashionable addition to its library because the battle for viewers heats up.
Netflix Inc., which pioneered the binge-watching tradition of streaming, was dealt a double blow this summer time when it misplaced “The Workplace” and “Mates,” two of its hottest reveals, as their respective house owners pulled them so as to add to their very own streaming companies.
“The Workplace” will depart on the finish of 2020 to affix NBCUniversal’s new streaming service, and “Mates” will depart firstly of 2020 to affix the upcoming HBO Max service.
It is a battle not more likely to wane because the streaming TV area grows extra crowded. Netflix has created vital momentum with its unique reveals, however new rivals are continuously popping up, together with streaming arrivals from Apple and Disney.
Nonetheless, Netflix has a head begin within the on-line area, with its deep library of previous and new reveals. It struck the five-year cope with Sony Photos Tv for the worldwide streaming rights to “Seinfeld,” the Emmy-winning tv comedy which aired its ultimate episode in 1998. Phrases weren’t launched.
The Los Angeles Occasions reported Netflix paid properly above the speculated $500 million NBCUniversal paid to retake “The Workplace,” and the reported $150 million per 12 months Hulu mother or father Walt Disney Co. at the moment pays for “Seinfeld.” Each of these offers are for U.S. streaming solely — Netflix has purchased the worldwide rights to point out “Seinfeld.”
“Seinfeld is the tv comedy that each one tv comedy is measured in opposition to,” Netflix Chief Content material Officer Ted Sarandos mentioned in an announcement.
Netflix famous it’s nonetheless centered on producing its personal reveals — however it might probably’t ignore the demand for rewatching outdated hit hits. The corporate spent $12 billion on unique and non-original programming final 12 months.
Jerry Seinfeld’s present “Comedians in Automobiles Getting Espresso” and his standup particular “Jerry Earlier than Seinfeld” are already distributed by Netflix.
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