How do you get folks to watch new things on Netflix? With old shows. And one of the biggest old shows in the history of shows has landed itself on Netflix.

That, boys and girls, would be Seinfeld. There's a catch, though — it's not coming until 2021. That's at least 16 months from now, which is a sort of eternity in this space. But, still, Seinfeld will be on Netflix. And it'll be all 180 episodes.

From the L.A. Times, which was quick out the gate with the news:

Terms of the transaction were not disclosed, but since the rights are for worldwide distribution, Netflix paid far more than the $500 million NBCUniversal paid for "The Office," and the $425 million WarnerMedia shelled out for "Friends," people familiar with the deal said. Both of those five-year deals were for streaming rights in the U.S. only.

Hulu, which is majority owned by Walt Disney Co., has the current domestic streaming rights to "Seinfeld," paying $150 million annually in a five-year deal that expires in 2021. Amazon had the streaming rights in most of the foreign territories that will be picked up by Netflix.

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Netflix beat out Hulu, Amazon, WarnerMedia, NBCUniversal and Viacom for the rights to Seinfeld, the Times said.

Spending whatever amount of money on Seinfeld that Netflix did — nobody's saying exactly how much — it's as much about folks actually watching Jerry, George and the gang as it is watching something else after Elaine and Kramer do their things.

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Not that there's anything wrong with that. ...

You're going to have to wait a while, but come 2021 you'll be able to watch Seinfeld on Netflix.

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