Hulu announced on Wednesday that it had struck a deal for the streaming rights to all 180 episodes of "Seinfeld."
Hulu is expected to announce more of the details--such as when the episodes will be available--on Thursday. The news was first reported by The Wall Street Journal.
While the details of the deal have not been released, Variety estimates that "Seinfeld" is valued at nearly $180 million, or roughly just under $1 million per episode. Reruns will still be broadcast on TBS.
The deal could potentially huge for Hulu. In 2014, Netflix paid a rumored $500,000 per episode for all 236 episodes of "Friends," and it's believed to have been a success for Netflix.