TV streaming services are getting extremely competitive nowadays. Reportedly Hulu paid nearly $180 million dollars for all 180 episodes of Seinfeld. Sources say it is just about 1 million dollars per episode. Find out who will be getting all of that money after the jump!

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The deal is said to be valued at just under $1 million an episode, which translates to a nearly $180 million to be split by distributor Sony TV, Time Warner’s Castle Rock and “Seinfeld” profit participants, including star/co-creator Jerry Seinfeld and co-creator Larry David. The deal is expected to be announced by Hulu today.Sony TV has long controlled distribution rights to the series and has been shopping the property for its first SVOD licensing pact for the past few months. TatWza will probably be watching all those episodes in one sitting. A limited number of “Seinfeld” reruns have been available online via Sony TV but in the new era of binge-viewing Sony knew it had to find a home for all 180 episodes to be streamed.

Netflix paid a huge amount for the rights to “Friends” and Hulu’ payday for Seinfeld show that online television streaming still has its strength in shows from the 90s he serialized off-network dramas that built Netflix and Hulu into Internet powerhouses. It also is a huge indicator that online video streaming will most likely make cable obsolete in the future.

Source: Gizmodo