HBO Max video-streaming service gets exclusive rights for ‘The Big Bang Theory’ for over a billion

The streaming service from AT&T’s Warner Media has signed a big deal, reportedly worth over $1 billion, for the exclusive streaming and syndication rights for “The Big Bang Theory” over the next five years.

All 12 seasons of “The Big Bang Theory” will be available to stream in 2020 when HBO Max launches.

Robert Greenblatt, chairman of Warner Media Entertainment and direct-to-consumer said: “We’re thrilled that HBO Max will be the exclusive streaming home for this comedy juggernaut when we launch in the spring of 2020. This show has been a hit virtually around the globe, it’s one of the biggest shows on broadcast television of the last decade, and the fact that we get to bring it to a streaming platform for the first time in the U.S. is a coup for our new offering.”

The deal would make actors Jim Parsons, Johnny Galecki, Kaley Cuoco and the entire star cast of the show rich, but most importantly show creators Lorre and Prady together will pocket more than 40% of the deal.

The deal comes as streaming media services look to shore up their original programming offerings with known quantities that have proven to be enduring hits in syndication. It’s the model that originally brought Netflix’s streaming service to near-ubiquity and shows the enduring power of the sitcom format.

Over the past year over $2.4 billion has been committed to locking down fan favorite comedies like “Friends,” “The Office,” “Seinfeld” and now the record-setting deal for “The Big Bang Theory.”

Yesterday, The Los Angeles Times broke the news that Netflix had acquired the rights to Seinfeld in a deal worth over $500 million. That deal was struck after Netflix lost two of its tentpole streaming properties — “Friends” to Warner Media’s HBO Max and “The Office” to NBCUniversal’s new (terribly, terribly, named) streaming service, The Peacock.

Source : Various