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‘Seinfeld’ coming to Netflix as part of new deal

The popular sitcom will be making the move in 2021.

“Seinfeld” debuted on NBC on July 5, 1989.
“Seinfeld” debuted on NBC on July 5, 1989.

Netflix has announced that “Seinfeld” will soon be joining their ranks, according to CNBC.

The hit sitcom will be making the move from Hulu to Netflix in 2021, CNBC reported Monday, following negotiations between the streaming platform and Sony.

Netflix broke the news on Twitter Monday.

CNBC reports that this move is a “comeback” for Netflix, who will be losing the streaming rights to popular series “Friends” and “The Office” in 2020 and 2021, respectively.

“Seinfeld” has been at Hulu since 2015, when the company made a deal to pay approximately $130 million for the show’s rights, according to CNBC. Netflix will reportedly be paying significantly more for their deal, Vanity Fair reported, which will include streaming rights both in the U.S. as well as internationally.

Vanity Fair reported that, while the exact amount Netflix paid is unknown, the figure was over $500 million. Netflix beat out offers from WarnerMedia and NBCUniversal, who will both soon be releasing streaming services of their own.

“Seinfeld” ran on NBC for nearly 10 years from 1989 to 1998, according to Today. During that time, the series won 10 Emmy Awards and has managed to retain its popularity.