Jerry Seinfeld Is the Latest Comedian to Sign a Deal with Netflix

Jerry Seinfeld's Emmy-nominated series Comedians in Cars Getting Coffee—which features the sitcom kajillionaire taking his stand-up comic friends (and the president) to get coffee in classic cars—has had episodes with both Chris Rock and Amy Schumer. Now, Seinfeld, Rock, and Schumer are going to cross paths again: on Netflix.

Seinfeld just signed a deal with the streaming service to bring 24 new episodes of the series to Netflix later this year, and the 59 existing episodes will migrate to Netflix from Crackle, Sony's free streaming service. It's not great news for Crackle, as the deal means the site will be losing its highest profile series, which has been on the service since it debuted in 2012.

The deal, which was for an undisclosed sum, also includes plans for new scripted and non-scripted series developed by Seinfeld. The comedian will also bring two new stand-up specials, one of which is slotted for later this year, which is good news for college students who were previously unable to see the comedian in action.

In a statement regarding the deal, Seinfeld said, "When I first started thinking about Comedians in Cars Getting Coffee, the entire Netflix business model consisted of mailing out DVDs in envelopes. I love that we are now joining together, both at very different points."

This is the latest in a string of high-profile comedy acquisitions by Netflix, which has 86 million worldwide subscribers (not everyone is stealing a password from their roommate's mother) and spent $500 million on 600 hours of original programming last year. The site seems to be aggressively closing in on the stand-up comedy market, too, doubling its number of specials in each of the last two years.

Amy Schumer's first stand up special will stream on March 7, and Chris Rock reportedly nabbed $40 million for two standup specials. The elusive genius Dave Chappelle signed a similarly lucrative deal, getting a reported $60 million for three specials.

In both Seinfeld and Rock's deals, Hulu was also reportedly bidding on the talent, which probably drove the prices to the height they're at now. Hulu streams all the old episodes of Seinfeld so losing him splinters the comedian's work all over the internet. No matter what car he's driving or where he's driving it, it's certain that Seinfeld is headed to the bank.