Company Of The Day: Netflix

by Trefis Team
-4.47%
Downside
628
Market
600
Trefis
NFLX
Netflix
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What?

Netflix (NASDAQ:NFLX) will start streaming the iconic sitcom ‘Seinfeld’ on its platform starting from October 1. Netflix will offer all 180 episodes of the show to the U.S. and most other markets.

Why?

Netflix saw two other high-profile shows – Friends and The Office – leave its platform over the last year or so for other streaming services. The addition of Seinfeld should help compensate to an extent.

So What?

Netflix is apparently spending over $500 million for the show in a five-year deal it signed in 2019 with Sony Pictures Television, which controls the rights. Although this may seem like a large sum, it’s not too big in the context of Netflix’s overall content spending which is likely to stand at around $17 billion this year alone.

See Our Complete Analysis For Netflix

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