Comedian and cultural icon Jerry Seinfeld has inked a massive content deal with Netflix, Inc. NFLX 0.47%, as the streaming video giant continues to boost its impressive original comedy library.
The comprehensive deal includes Seinfeld’s hit Crackle show “Comedians In Cars Getting Coffee” making the jump to Netflix later this year. In addition, Seinfeld will create two new stand-up specials for Netflix and will develop both scripted and non-scripted TV series for the network.
Earlier this month, Netflix added the 2007 animated movie “Bee Movie,” which stars Seinfeld. The movie grossed more than $287 million in global box office sales.
The value of the new deal has not been disclosed, but Netflix likely paid a steep price to land Seinfeld. Last year, Hulu paid a staggering $700,000 per episode to air reruns of the “Seinfeld” TV show that ended in 1998.
The show has earned roughly $3.1 billion in syndication since its final episode aired. Hulu reported that more than 700,000 subscribers streamed “Seinfeld” episodes in the first five days they were available.
At the peak of the show’s popularity, Seinfeld reportedly earned $267 million annually from the show.
NBC even offered Seinfeld $100 million for one more season of the hit TV show, but the comedian turned the offer down.
According to CheatSheet, Seinfeld was already the wealthiest actor in the world prior to the new Netflix deal, with a net worth of $820 million.
Seinfeld’s comedy deal comes on the heels of recent Netflix deals with Chris Rock and Dave Chapelle. The comedy push is…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
