Dick Wolf sold the streaming rights to his hit crime drama Law & Order this week in a deal valued at hundreds of millions. It is the latest in a spate of deals that have funneled more than $1 billion for the rights to stream Seinfeld, Friends, The Big Bang Theory and more.
has produced several spinoffs that have filled about 60 seasons of television with more than 1,000 episodes. All those figures have added up to a Manhattan-size fortune of more than $550 million. Now comes the news thatis paying at least $300 million for the rights to show his top franchises on its streaming video service, Peacock.
The agreement, which was announced on Thursday, is the latest in a spate of deals that have funneled more than $1 billion for the rights to hits from the past to, among others,, Kevin Bright, Marta Kauffman, and David Crane. Coming in rapid succession since September, the deals have put a handful of top creators within reach of becoming billionaires.
But TV economics have changed drastically from when Lennie Briscoe walked the beat. The numbers are still stacked with zeroes: and other hits, signed a nine-figure deal with Netflix in 2017, then followed up with a $300 million package for
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