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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales
Arts & Entertainment

‘The Big Bang Theory’ Is Going to HBO Max as Streaming Services Battle Over Popular Sitcoms

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Nick Turner
Nick Turner
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Bloomberg
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By
Nick Turner
Nick Turner
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Bloomberg
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September 17, 2019, 10:40 AM ET
The Cast of the Big Bang Theory
LOS ANGELES , CA - JANUARY 6: Actors Melissa Rauch, Johnny Galecki, Kaley Cuoco, Simon Helberg, Jim Parsons, Mayim Bialik and Kunal Nayyar, winners of Favorite Network TV Comedy and Favorite TV Show for 'The Big Bang Theory', pose in the press room during the People's Choice Awards 2016 at Microsoft Theater on January 6, 2016 in Los Angeles, California. (Photo by Kevork Djansezian/Getty Images)Kevork Djansezian/Getty Images

As streaming services fight for rights to popular sitcoms, AT&T Inc.’s WarnerMedia has locked down a key show: “The Big Bang Theory.”

The company’s new streaming service, HBO Max, will have the U.S. rights to all 279 episodes of the comedy when it launches in the spring, WarnerMedia said on Tuesday. The show also extended a separate agreement with WarnerMedia’s cable network TBS to air “Big Bang Theory” through 2028.

The move comes a day after Netflix Inc. secured the rights to all 180 episodes of “Seinfeld,” starting in 2021. Sony Corp.’s Sony Pictures Television, the distributor of that show, currently has a deal with Walt Disney Co.’s Hulu. The “Seinfeld” bidding war followed battles over the rights to “The Office” and “Friends” — two sitcoms that Netflix is losing to streaming rivals.

In the case of “Big Bang Theory,” there wasn’t much of a contest. It was widely expected to go to HBO Max since the show is distributed by the same parent company. The in-house deal, which lasts five years, was valued at close to $500 million, the Wall Street Journal reported.

Still, the comedy should be a key draw for the nascent platform. “Big Bang Theory,” which debuted in 2007, is billed as the longest-running multicamera comedy in U.S. TV history. It won 10 Emmy awards.

“We’re thrilled that HBO Max will be the exclusive streaming home for this comedy juggernaut when we launch in the spring of 2020,” said Bob Greenblatt, chairman of WarnerMedia’s direct-to-consumer business. “This show has been a hit virtually around the globe, 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 U.S. is a coup for our new offering.”

More must-read stories from Fortune:

—Netflix snags Seinfeld in five-year Sony pact
—Saturday Night Live fires Shane Gillis over racist and homophobic remarks
—Some of this fall’s most buzzed about TV shows will feature familiar faces
—Recap: Succession season two episode six
—Music supervisors for Better Call Saul, Russian Doll, and Fosse/Verdon talk about their craft
Follow Fortune on Flipboard to stay up-to-date on the latest news and analysis.

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