TV show Seinfeld has just completed a fresh round of licensing deals that push up its total syndication income to a whopping $3.1bn.
Just for a bit of context for that figure, when Time Warner announced last month it would be spinning off its magazine arms IPC and Time Inc, the world’s largest magazine publisher, the market cap of the resultant new public company was valued at between $2.4bn and $3bn.
For context that is a little more local, George Osborne has decided to increase benefit payments by 1% a year (purposefully below the rate of inflation) to save taxpayers the equivalent of $3bn a year.
Seinfeld ran from ran for nine years from 1989 on America’s NBC and was – as you might already have guessed – one of the network’s most successful shows.
This is the fifth time Seinfeld has been syndicated, and syndication rights have mainly been bought by other US stations, though it’s been internationally popular too.
Seinfeld co-creators Jerry Seinfeld and Larry David will have made a total of $400m from the show following this latest batch of deals, the FT reports today.