Netflix may have lost "The Office" and "Friends", but they secured a major property to help make up for it.

They just acquired worldwide rights to "Seinfeld" in a five-year deal worth more than HALF A BILLION DOLLARS. Hulu has it now, but their deal ends in 2021. That's when Netflix gets it.

Netflix won "Seinfeld" in a bidding war with . . . well . . . just about everybody. In addition to Hulu, Amazon, NBC, HBO Max, and CBS All Access were among the streaming platforms that tried to grab it.

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Sometimes denying reality is the only way to get through the day.

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Read more at Hollywood Reporter.

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