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Hulu will stream 'Seinfeld': Good business for the streaming service?

Hulu has reportedly made a deal to stream old episodes of the classic sitcom 'Seinfeld.' Old TV shows like 'Friends' and 'Gilmore Girls' have been popping up all over streaming services recently.

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'Seinfeld' stars Jerry Seinfeld (center), Michael Richards (l.), and Jason Alexander (r.).

Looking to binge-watch the misadventures of Jerry, George, Elaine, and Kramer? Hulu has you covered.

According to , all the episodes from the NBC hit sitcom will be heading to the streaming service. Deadline writer Nellie Andreeva writes that the show is costing around $130 million, which is believed to be more than what Netflix paid for the rights to stream fellow NBC sitcom 鈥淔riends.鈥 鈥淪einfeld鈥 will be available exclusively on Hulu.

鈥淪einfeld鈥 aired from 1989 to 1998 and centered on stand-up comic Jerry (Jerry Seinfeld), his friend George (Jason Alexander), Jerry鈥檚 neighbor Kramer (Michael Richards), and Jerry鈥檚 ex-girlfriend Elaine (Julia Louis-Dreyfus).

Many streaming services, particularly Netflix, are very secretive about which of their shows are watched the most. But it seems reasonable to assume that the services wouldn鈥檛 keep paying for the rights to stream old TV shows if it wasn鈥檛 financially prudent for them. In addition to 鈥淔riends,鈥 Netflix recently acquired the rights to stream the WB series 鈥淕ilmore Girls." (It also reportedly paid a lot for the rights to both old and new episodes of the NBC hit show 鈥淭he Blacklist,鈥 which is still on the air, this past summer.)

editor Cynthia Littleton pointed to Hulu acquiring 鈥淪einfeld鈥 as an indicator that 鈥淗ulu is stepping up its game鈥 and noted that 鈥淔riends鈥 is 鈥渂elieved to have performed well for Netflix.鈥

In addition, we recently got another interesting look into how TV shows actually perform on streaming services via CBS chief research officer David Poltrack, according to . Speaking at the 2014 UBS Global Media Conference, Poltrack said the research he had access to showed that Netflix users watched a little more than 1 billion hours of all of the streaming service鈥檚 original shows but that viewers watched 800 million hours of old episodes of CBS鈥檚 show 鈥淣CIS鈥 alone.

It seems that sometimes viewers just want TV comfort food, and 鈥淪einfeld鈥 would certainly provide that.

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