Hulu Sets Mammoth 'Seinfeld' Licensing Deal value Nearly $180 Million, In another sign that Hulu is stepping up its game, the digital video large has landed the SVOD rights to “Seinfeld,” cutting a influence Sony footage TV for all a hundred and eighty episodes of the enduring NBC comedy.
The deal is alleged to be valued at slightly below $1 million associate degree episode, that interprets to an almost $180 million windfall to be split by distributor Sony TV, Time Warner’s Castle Rock and “Seinfeld” profit participants, as well as star Krauthead Seinfeld and co-creator Larry David. The written agreement is anticipated to be declared at Hulu’s direct presentation on weekday.
Sony TV, that has long controlled distribution rights to the series on behalf of original producer Castle Rock TV, has been looking the property for its initial SVOD licensing written agreement for the past few months. A restricted range of “Seinfeld” reruns are on the market on-line via Sony TV’s ad-supported Crackle video platform, however the Hulu written agreement marks the primary time the series are on the market in its completeness within the new era of binge-viewing.
“Seinfeld’s” move to Hulu follows Netflix’s purchase last year of the library rights to Warner Bros. TV’s “Friends,” another series from the prime of “Must-See TV” NBC comedies. The show is believed to own performed well for Netflix. the large usd that Netflix purchased “Friends” and Hulu’s outlay for “Seinfeld” indicate that SVOD players ar increasing their menus on the far side the serialized off-network dramas that engineered Netflix and Hulu into web powerhouses.
The deal is alleged to be valued at slightly below $1 million associate degree episode, that interprets to an almost $180 million windfall to be split by distributor Sony TV, Time Warner’s Castle Rock and “Seinfeld” profit participants, as well as star Krauthead Seinfeld and co-creator Larry David. The written agreement is anticipated to be declared at Hulu’s direct presentation on weekday.
Sony TV, that has long controlled distribution rights to the series on behalf of original producer Castle Rock TV, has been looking the property for its initial SVOD licensing written agreement for the past few months. A restricted range of “Seinfeld” reruns are on the market on-line via Sony TV’s ad-supported Crackle video platform, however the Hulu written agreement marks the primary time the series are on the market in its completeness within the new era of binge-viewing.
“Seinfeld’s” move to Hulu follows Netflix’s purchase last year of the library rights to Warner Bros. TV’s “Friends,” another series from the prime of “Must-See TV” NBC comedies. The show is believed to own performed well for Netflix. the large usd that Netflix purchased “Friends” and Hulu’s outlay for “Seinfeld” indicate that SVOD players ar increasing their menus on the far side the serialized off-network dramas that engineered Netflix and Hulu into web powerhouses.
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