'Seinfeld' for $500 million? 'The Big Bang Theory' for $1 billion? The streaming arms race has a big problem
The numbers are enough to make you think it's 1995 and George is first getting mad at Jerry for breaking their pact.
This week, Netflix paid a reported $500 million for streaming rights to all 180 episodes of "Seinfeld." A day later, Warner Media, looking to beef up its imminent HBO Max service, paid a reported $1 billion for streaming rights to the nearly 300 episodes of "The Big Bang Theory." This came on top of the estimated $425 million the company already paid for "Friends."..