Just one day after Netflix secured the streaming rights to Seinfeld in a deal reportedly worth more than $500 million, WarnerMedia’s HBO Max has gone one step further, acquiring the rights to The Big Bang Theory in a deal reportedly worth more than $1 billion.
The deal gives WarnerMedia’s HBO Max the exclusive domestic streaming rights for five years, according to The Hollywood Reporter. That means another streaming service could carry the show in global markets. The deal also extends the syndication deal between Warner Bros. Television and TBS through 2028.
(Score: 0) by Anonymous Coward on Wednesday September 18 2019, @11:31AM
They literally cut a cheque, or at least wire the cash. But instead of $1 billion, it probably comes in over time.
They are not investing in production of something. They literally just buy the exclusive rights to legally be able to stream it on their platform. It's a *cash* transaction.