The online streaming industry is experiencing significant transformations. With beloved shows like Seinfeld transitioning to Netflix, and classics such as The Office and Friends heading to new platforms, it's clear that viewers' options are rapidly evolving. Amidst this whirlwind of changes, the acquisition of the popular sitcom Big Bang Theory by WarnerMedia for its HBO Max service has emerged as a major highlight, with The Hollywood Reporter labeling it a record-setting deal worth billions.
Chuck Lorre, the show's creator and executive producer, stands to benefit immensely from this deal. Reports suggest that the streaming rights for Big Bang Theory alone could be valued at around a billion dollars. Given Lorre's 20 percent stake in the show's royalties, he could see earnings upwards of $400 million if the deal is indeed worth billions.
For context, other streaming contracts have set a high bar as well. Netflix reportedly shelled out $500 million for Seinfeld, while NBCUniversal paid a similar amount for The Office. WarnerMedia also invested around $425 million for Friends. Most of these agreements cover streaming rights for five years, showcasing the fierce competition for popular content.
While streaming is a significant revenue stream, it is not the only one for shows like Big Bang Theory. The series will continue airing on TBS until 2028, further adding to its financial success. Lorre likely reaped considerable rewards from this extension, solidifying his status as one of the industry's most successful figures.
