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Jerry Seinfeld Strikes Lucrative Deal with Netflix

The ‘Bee Movie’ actor signed a deal with the streaming service that could possibly mean 100 million dollars are coming his way.

It’s only three weeks into 2017 and Jerry Seinfeld already seems to be having a good year, thanks to Netflix. The Bee Movie (2007) actor signed a deal with the streaming service that could possibly mean 100 million dollars are coming his way. The terms of the agreement are that Seinfeld moves his show, ‘Comedians in Cars Getting Coffee,’ over to the streaming service, record two stand-up specials, and help develop the comedy section of the website. According to the Hollywood Reporter, this will include developing “scripted and unscripted programming” for the website.

Not only is this a win for Netflix, it is also a loss for Sony, whose streaming service Crackle owned all 59 episodes of the award-winning ‘Comedians in Cars Getting Coffee’ prior to this deal. The entire library of episodes will soon only be available on Netflix, in addition to any new episodes that are created. Seinfeld seems to be enthusiastic about this deal, as he was quoted saying, “When I first started thinking about Comedians in Cars Getting Coffee, the entire Netflix business model consisted of mailing out DVDs in envelopes. I love that we are now joining together, both at very different points.”

Netflix chief content officer Ted Sarandos echoed Seinfeld’s positivity, saying, “Jerry is known the world over as both a great TV innovator and beloved comic voice… We are incredibly proud to welcome him to the Netflix comedy family.”

Industry experts have revealed to the Hollywood Reporter that the deal cost Netflix around 100 million dollars because of all of its different factors.

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