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WATCH: Jerry Seinfeld Returns to Former TV Home as Iconic Sitcom Makes Major Move

Jerry Seinfeld became a legend for co-creating and starring in a show about nothing. From 1989 to 1998, the beloved comedian entertained millions alongside iconic characters such as George Costanza, Kramer, and Elaine. The show has been over for more than two decades, but the reruns continue to draw major viewership. Now, the rights to those reruns are changing hands.

After living on TBS for the past 20 years, “Seinfeld” is headed to Comedy Central. Jerry Seinfeld himself appeared in his iconic apartment from the show to deliver the news.

The promo video finds Jerry standing at the intercom. A Comedy Central representative buzzes in to inform him that he’s dropping off 180 episodes of “Seinfeld.” Jerry, rightfully thinking the apartment is “comedy central,” invites him up.

According to TV Line, the archive of all 180 episodes will begin airing by October 11 on Comedy Central. Before that, however, will be a two-day marathon of fan-favorite episodes. And while network television is well and good, the arguably bigger news is what’s going to happen to the “Seinfeld” streaming rights.

Per TV Line, the show is headed to the one that started it all. Previously living on Hulu, “Seinfeld” took a massive deal from Netflix. The streaming platform reportedly dropped more than $500 million for the global rights to the beloved sitcom.

“This is the first time we’ve taken a risk of this nature, going all in on 9 seasons at the jump. But Jerry has created something special with this sitcom that nobody has ever done. I truly think he and Mr. David have enormous futures ahead of them and I’m thrilled Netflix could be the home for them to grow their fanbases,” Netflix CCO Ted Sarandos said in a statement, per TV Insider.

Jerry Seinfeld Reacts to the Netflix News in Appropiately Hilarious Fashion

“Seinfeld” is widely considered one of the most popular and innovative sitcoms of all time. But don’t take our word for it. Rolling Stone has the show listed as #3 on their 100 Best Sitcoms of All Time list. It comes in behind only “Cheers” and “The Simpsons.”

All of this goes to the humor in Jerry Seinfeld’s statement about the show going to Netflix. It’s a massive sum of money, sure. But investing in one of the most popular titles of all time isn’t exactly the biggest risk the streaming platform has ever taken.

“Larry (David) and I are enormously grateful to Netflix for taking this chance on us. It takes a lot of guts to trust two schmucks who literally had zero experience in television when we made this thing. We really got carried away, I guess. I didn’t realize we made so many of them. Hope to recoup god knows how many millions it must have taken to do. But worth all the work if people like it. Crazy project,” Jerry Seinfeld said in the statement, per TV Insider.