“Seinfeld,” the now-classic sitcom that originally aired from 1989 to 1998, has been sold to an online streaming company for $700,000 per episode, reports our good friend Joe Flint in the Wall St. Journal (Note: The WSJ ios behind a pay wall and may charge you to read its content).
Flint says the buyer is Hulu, and that the deal is “one of the biggest programming acquisitions in the online video site’s history. Hulu is co-owned by Walt Disney Co., 21st Century Fox Inc.and Comcast Corp.”
The story also says that “Sony Pictures Television, a unit of Sony Corp., has the distribution rights for reruns of the hit sitcom. However, the majority of the revenue from the deal will go to Time Warner Inc.’s Warner Bros.,”which owns the show.
The article notes that Netflix, which streams “Friends,” paid about $500,000 per episode for that hit sitcom, which is also owned by Warner Bros.