Netflix has deep pockets when it comes to making deals with stand-up comedians. Back in 2014, the streaming giant penned a four-film deal with Adam Sandler, helping the controversial comedian land on the list of highest-paid actors of 2015. Then, just last year, Netflix announced that Chris Rock would be making his return to stand-up on their platform with two new specials for an estimated total of $40 million.
Now, Jerry Seinfeld is shifting his ongoing series Comedians in Cars Getting Coffee from Sony’s streaming service Crackle over to Netflix as part of a major deal that includes the 59 existing episodes of the series and 24 new ones, as well as two stand-up specials, and development of scripted and unscripted programming. The deal is estimated at around $100 million.
Here’s a look at the official press release from Netflix:
Creator, producer, writer and performer Jerry Seinfeld is making Netflix the exclusive home for his new comedic endeavors. Netflix has signed the comedian to a multi-faceted production deal, starting in 2017.
As part of the exclusive pact, new episodes of Comedians in Cars Getting Coffee will arrive exclusively on Netflix in late 2017, as will previous episodes of the Emmy-nominated series. Seinfeld will also film two, all-new stand-up shows exclusively for Netflix members globally, the first arriving on the world’s leading Internet TV network later this year. Seinfeld will help develop scripted and non-scripted comedy programming for Netflix, with additional elements of the deal will be announced later.
“Jerry is known the world over as both a great TV innovator and beloved comic voice,” said Ted Sarandos, Chief Content Officer at Netflix. “We are incredibly proud to welcome him to the Netflix comedy family.”
“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,” said Seinfeld, who produces, directs and hosts the show. “I am also very excited to be working with Ted Sarandos at Netflix, a guy and a place that not only have the same enthusiasm for the art of stand up comedy as I do, but the most amazing technology platform to deliver it in a way that has never existed before. I am really quite charged up to be moving there.”
Twenty four brand new episodes of the comedy series, Comedians in Cars Getting Coffee by Jerry Seinfeld, that feature Seinfeld joining friends for a cup of coffee and a drive in a classic car, sharing stories along the way, will premiere in installments globally on Netflix starting in 2017, with subsequent installments following in 2018 and beyond. Prior seasons of the series (fifty-nine existing episodes) will also become available exclusively on Netflix at the same time.