September 17, 2019
A day after Netflix secured streaming rights to “Seinfeld” from Hulu, HBO Max is reportedly obtaining exclusive domestic rights to former CBS sitcom “The Big Bang Theory” for upwards of $1 billion for five years.
While CBS has its own SVOD service, CBS All Access, “Big Bang Theory” is produced and distributed by Warner Bros. Television, which is owned by HBO parent WarnerMedia (and AT&T).
HBO Max continues to spend big for its pending service launch, including inking director J.J. Abrams and his Bad Robot production company for original movies and episodic content for a reported $500 million.
The service previously shelled out $425 million for the rights to “Friends” from Netflix. NBC Universal spent $500 million acquiring “The Office” catalog — also from Netflix.
“We’re thrilled that HBO Max will be the exclusive streaming home for this comedy juggernaut when we launch in the spring of 2020,” Robert Greenblatt, chairman of WarnerMedia’s entertainment and direct-to-consumer divisions, told The Hollywood Reporter, which broke the story. “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.”