Jerry Seinfeld and Larry David Made 9 Figures Each in Huge ‘Seinfeld’-to-Netflix Deal
How’s this for a show about nothing? With their mega-“Seinfeld”-to-Netflix deal, which insiders have valued at $500 million-plus, co-creators Larry David and Jerry Seinfeld continue to make huge money on a show that last aired a new episode during the Clinton administration. Both David and Seinfeld stand to make nine figures each, two people with knowledge of the breakdown told TheWrap. One pegged the windfall between $100-$125 million apiece, while a second told TheWrap it was significantly higher. Representatives for David, Seinfeld, “Seinfeld” studio Castle Rock Entertainment and its parent company Warner Bros., distributor Sony and buyer Netflix all declined to comment on this story. Of course, David, who famously played New York Yankees owner George Steinbrenner on the series, and Seinfeld, who played a version of himself, are not the only ones making big bucks. Warner Bros. TV is taking home a big piece of the pie, due to its ownership of “Seinfeld” producer Castle Rock Entertainment, whose partners include Martin Shafer, Rob Reiner, Andrew Scheinman, Glenn Padnick and Alan Horn. Those parties are profit participants too. One of our sources told us that Warner Bros. stands to make about $100 million on the Netflix deal. Also Read: Netflix...
Read original story Jerry Seinfeld and Larry David Made 9 Figures Each in Huge ‘Seinfeld’-to-Netflix Deal At TheWrap
