Seinfeld is headed to Netflix in 2021 after the streaming giant purchased the show's global rights, Netflix and Sony confirmed Monday. This is a major get for the streamer, which took two significant blows after it was revealed that The Office and Friends would both be leaving the service and jumping to Netflix competitors. Netflix reportedly pursued the Seinfeld rights aggressively and beat out bids from Hulu, Amazon, WarnerMedia, NBCUniversal, and Viacom. Currently, Seinfeld's streaming home in the U.S. is Hulu, which bought the rights in a $130 million a year deal expiring in 2021. Netflix's deal is reportedly for five years and is worth more than $500 million.

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