Streaming is the future of TV. the big part of streaming business revolves around old TV Movies and Mostly shows.
Latest case in point: Netflix is paying a lot of money for the rights to show Seinfeld to its 150 million subscribers around the world, starting in 2021.
Seinfeld is an American sitcom about live and action created by the Famous Larry David and his Friend Jerry Seinfeld for NBC Network . The show stars the creator Seinfeld as a fictionalized version of himself, and mostly focuses on his personal life with a handful of friends and acquaintances, including best friend (Jason Alexander) stars George Costanza , friend and former girlfriend Elaine Benes (Julia Louis-Dreyfus), and neighbor across the hall Cosmo Kramer (Michael Richards).
That means the showthat was originally ran on the “NBC” from 1989-1998 will be moving from the current streaming homes ” Hulu” in the US & Amazon in most of the rest of the world, for a 5-year run.
Netflix Department aren’t saying how much it’s paying for Seinfeld’s 180 episodes. Los Angeles “Times”, which broke the news today, many sources who say Netflix will end up paying more than the $550 million “NBC-Universal” is reportedly paying for The Office for its future streaming platform, or the $425 million Warner Media paid to get Friends back. Hulu’s current deal has it paying $140 million for 6 years of the Seinfeld Show. what Quiet Competition right there !
The price for TV shows that people have heard of, that also have big, binge-able back catalogs of one hundred episodes or more, continues to rise Up in the US as more streaming competitors Pops up online. Netflix is also streaming around the world, as opposed to the US-focus some other services have.
All 180 episodes of the Emmy-Award winning Seinfeld are coming to Netflix ‘ worldwide!’ starting in 2021 pic.twitter.com/tLvcCKH4vl— Netflix US (@netflix) September 16, 2019
that means the cost for Seinfeld show is going to be a huge number, which will definitely grab your attention when it comes out rolling Online, sooner or later. But the bigger news here is that Netflix is buying someone else’s high-profile programming show instead of seeing high-profile programming that it currently streams leaving for a competitor.
you may have some idea that Netflix Is Losing Its Shows To Disney And Other Networks such as Hulu or even Apple+ because that’s very true , Would be Netflix competitors including Disney, Comcast’s NBC etc … are taking programming that used to run on Netflix and bringing it back to their own network , yet to launch other streaming services.
Since those Netflix competitors still sell some of their shows to Netflix, and may continue to do so for a long term in the future. And some shows and movies that leave Netflix may still end up back on Netflix because of existing and Expensive deals.
Some popular stuff on Netflix is going away obviously concerning to the streaming company, which already missed its subscriber numbers by a Big margin a few months ago before the launch of any new competitors and before the high end profile deals to move those old shows to competitors actually kicks in such as Disney+. but the time will tell How Netflix will defend its own platform from those strong competitors.