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Entertainment

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Companies such as Comcast, Warner Media and Walt Disney are trying to compete with Netflix in their video streaming services. In order to do this, they are looking at the rights to use Seinfeld, a hugely famous retired comedy show which is has its streaming rights up for sale again. Seinfeld  has been available for streaming on Hulu since 2015. Retired shows with well-established fame are heavily competed over between streaming companies; these shows include not only Seinfeld, but also the Office and Friends. Netflix has given much trouble to the traditional TV industry by offering a streaming alternative to the traditional method of distribution. Hulu’s ownership of streaming rights to Seinfeld ends in 2021. Sony Pictures Television handles the distribution of streaming rights to Seinfeld. The company is already getting calls about these rights. The bidding process for the Seinfeld streaming rights is expected to begin in the next few weeks. Netflix has already been beat by competition for streaming rights for the Office and Friends. NBCUniversal bought streaming rights for the Office for the next five years for $500 million. Warner Media paid $425 million for five years of streaming rights over Friends. The future will show how much profit these streaming rights will generate for these massive companies.