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'Seinfeld' Heads to Hulu in $180 Million Deal

Hulu has struck a deal with Sony Pictures Television for all 180 episodes of "Seinfeld," outbidding such competitors as Amazon and Yahoo.

Although the terms of the agreement haven't been disclosed, it's been valued at as high as $180 million ($1 million per episode), which Variety reports will be split among Sony TV, Warner Bros.' Castle Rock Entertainment (which will receive the lion's share), and a list of profit participants that include co-creators Jerry Seinfeld and Larry David."You could have put the DVD in, but I guess nobody wanted to do that," Seinfeld said this morning during Hulu's official announcement in New York City. "They want to do this."Hulu will stream the full-length episodes as they originally aired, not the re-edited or sped-up versions that are broadcast in syndication.According to The Wall Street Journal, Netflix had originally expressed interest in "Seinfeld," but instead signed a deal for the rights to "Friends," which carried a price of about $500,000 an episode."Seinfeld," which also starred Jason Alexander, Julia Louis-Dreyfus and Michael Richards, originally aired for nine seasons, from 1989 to 1998, on NBC. Returns will continue to be broadcast on TBS.

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