Warner Media group proclaimed on Tuesday that it had secured the right for “The Big Bang Theory” on its upcoming online platform HBO Max, the latest move in the battle for back catalogs between streaming services. All the 279 episodes of the comedy show, expanding over 12 seasons, will be available when HBO Max launches in spring next year, the company said in a statement.
Epic television series have become the hot products in the escalating battle for streaming sovereignty. The Wall Street Journal reported that WarnerMedia, which is a subsidiary of telecom operator AT&T, had agreed to [ay $500 million over five years for “The Big Bang Theory.”
WarnerMedia refused to confirm the sum to Agence France-Presse. Robert Greenblatt, WarnerMedia Entertainment chairman, stated that “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 US is a coup for our new offering.”
WarnerMedia has already agreed to shell out $425 million over five years to acquire “Friends” for the new platform. Netflix said on Monday it had received the global rights to popular sitcom “Seinfeld” from 2021, without revealing the value of the transaction. It came after the streaming giant lost the rights to “Friends” and the American version of “The Office” — the two most-watched series it has on offer. NBCUniversal is paying $500 million over five years for “The Office.” Major players like Netflix and Amazon are keeping an eye on Apple and Disney, which will launch their streaming services later this year, and then NBCUniversal and WarnerMedia in 2020. NBCUniversal said Tuesday that its new platform would be called “Peacock” and would be available from April 2020.