Jerry Seinfeld is set to become a billionaire. Picture: Nicholas Hunt / Getty Images /AFP
Jerry Seinfeld is set to become a billionaire. Picture: Nicholas Hunt / Getty Images /AFP

Netflix deal will make Seinfeld a billionaire

Seinfeld went off the air more than 20 years ago but the "show about nothing" is still raking in the dough.

Netflix announced on September 16 that it will start streaming all 180 episodes of the legendary sitcom in 2021 after its deal with Hulu (in the US) and Stan (in Australia) expires.

The new contract means Seinfeld creators Larry David and Jerry Seinfeld (also the star) stand to take home a pretty penny. A source told entertainment website The Wrap on Thursday that the pair could be making between $148 million and $185 million each. A second source claimed that the payday could be "significantly higher".

Either way, Seinfeld will become a billionaire with the deal.

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Larry David and Jerry Seinfeld.
Larry David and Jerry Seinfeld.

 

Netflix's deal with Sony Pictures Television for the global streaming rights to Seinfeld was reportedly worth more than $740 million and came three months after the streaming service announced it was losing the rights to one of its most popular TV offerings, The Office.

Netflix will still carry the show through the end of 2020 before it jumps to a rival streaming service.

Netflix will face even more competition in November when Apple and Disney launch their own streaming services within days of each other: Apple TV+ launches on November 1, while Disney+ debuts on November 19 (in Australia).

Seinfeld originally ran from 1989 to 1998 on NBC. It won 10 Emmy Awards and three Golden Globes over the course of its run.

 

‘Sorry, I’m going to make HOW much money from Netflix?’
‘Sorry, I’m going to make HOW much money from Netflix?’

 

This article originally appeared on Fox News and was reproduced with permission