Hulu has agreed to pay $700, 000 per episode – according to a report in the Wall Street Journal – but other sources have sited an even higher figure. That comes to a total of $120.4 million. Hard to believe that twenty years on the show is still popular enough to command that kind of money.
Now obviously much of the money will go to the various studios and production companies that own shares in the show. But even if Seinfeld himself is left with as little as 5% of the fee then that will be at least another $6 million to add to his estimated fortune of more than $800 million.
The company tweeted, “In the beginning, there was TV. Yada yada yada. “Seinfeld” is coming soon to #hulu. #HuluUpfront15.” It came with a picture of the show with a caption reading “coming soon.”
Hulu’s SVP, Head of Content, Craig Erwich was joined by iconic comedian Jerry Seinfeld on stage at the Hulu Upfront earlier this week to announce that Hulu had acquired the exclusive SVOD rights to all episodes of the award-winning, hit series Seinfeld.
The series comes to Hulu in a new deal with Sony Pictures Television. Every episode of Seinfeld will be available for Hulu subscribers to stream this June.
The show about nothing was television’s biggest hit in an age before the internet offered live streaming and downloading and the term “binge watching” entered the lexicon. Today, more and more people are “cutting the cord” and dropping cable all together because they can get whatever they want from the Internet.
Perhaps Hulu is thinking that Seinfeld will be an anchor program for its service. The company currently lags far behind Netflix and it certainly does not offer the same quality of original programming that the leading company in its field does.
Can you even name any of Hulu’s original shows?
Now have you heard of “House of Cards” or “Orange is the New Black?” See our point?