Amazon, Hulu and Yahoo Fighting Over Rights to Stream 'Seinfeld' Episodes for $500,000 Each

Seinfeld will be available online for on-demand streaming across the U.S. soon, but Netflix has passed on grabbing up the series, presumably since the asking priced per episode is $500,000, according to reports.

The Wall Street Journal reports that Sony Pictures Television is nearing a deal to license all 180 episodes of Seinfeld to one of several rival streaming services, including Hulu, Amazon, and Yahoo. Netflix also expressed early interest, but eventually withdrew from the bidding.

The right to stream Seinfeld will go to whoever the highest bidder is, with initial reports suggesting it could go for over $500,000 per episode.

Since the popular 90s sitcom has 180 episodes, the bidding for Seinfeld could end up with the streaming service which buys the rights to stream the series paying anywhere from $90 million to $100 million.

That is a steep price, one which Netflix apparently believed was too high, as Seinfeld can still be seen elsewhere in syndication and on YouTube.

Netflix is already forking out more than $655,000 per episode for the rights to Friends so perhaps one hits 90s sitcom is enough.

Through nine seasons spanning 1989 to 1998, Seinfeld popularized several catchphrases such as "Yada, yada, yada" and "No soup for you!" The show has won an array of awards, including 10 Emmys and three Golden Globes.

Since the show wrapped up in 1998, Seinfeld has made more than $3.5 billion in syndication revenue.

Watch a montage below of some of the most popular scenes from 'Seinfeld.'