What’s the deal with on-demand video?

That’s a questions that Jerry, Kramer, Elaine and George are probably not as asking on their way to the bank to deposit their huge checks from Huiu. The streaming service (which, to the ire of of its Hulu Plus customers, still shows ads after they’d forked over $8 a month for the privilege) paid about $126 million for the whole series.

Slated to debut on the streaming service in June, it’s believed that the Seinfeld deal is worth more than what Netflix paid for Friends, at about $500,000 an episode.

Via Ars Technica. Photos by Mercedes Bugarin (mertxe)/flickr.

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