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Hulu pays $160 million for Seinfeld licensing deal


Kam

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From Variety:

 

In another sign that Hulu is stepping up its game, the digital video giant has landed the SVOD rights to “Seinfeld,” cutting a deal with Sony Pictures TV for all 180 episodes of the enduring NBC comedy.

 

The deal is said to be valued at around $875,000 an episode, which translates to a nearly $160 million windfall to be split by distributor Sony TV, Time Warner’s Castle Rock and “Seinfeld” profit participants, including star/co-creator Jerry Seinfeld and co-creator Larry David. The pact is expected to be announced at Hulu’s upfront presentation on Wednesday. The series will be available on Hulu starting in June. The license term is believed to be at least five years.

 

Wow!

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