Hulu has paid an outrageous amount of money for the rights to Seinfeld, securing one of our time’s most iconic sitcoms for the streaming service.

In a move which can (and should) be compared to Netflix’s licensing deal for NBC’s Friends (1994-2004), Hulu has purchased the rights to Seinfeld (1989-1998).

Paying around $1 million per episode, Hulu has secured all 180 episodes for close to $180 million. These numbers seem unfathomable to regular people, don’t they?

This marks the first time the entire Seinfeld series will be made available for online streaming, and is a sign that Hulu is stepping up its game as a provider of content.

The streaming service also recently purchased the rights to CSI, with over 300 episodes made available to stream.

Friends has reportedly done well for Netflix, and Hulu is naturally hoping that Seinfeld will perform as well, if not better.

While Seinfeld might not have aged quite as well as its successor, many still regard it as one of the best comedies of all time, and it is arguably the series that shaped the mold for all future friendship-based sitcoms, such as Friends, Frasier, How I Met Your Mother, New Girl and The Big Bang Theory.

Seinfeld‘s move to a digital streaming platform will certainly encourage fans to revisit the classic series, and might also encourage younger viewers to check it out, if for no other reason than to educate themselves on how the modern-day sitcom got its formula.

Note that, unlike Netflix, Hulu’s content is so far only available to view from within the United States.

Hulu also announced at their Upfront presentation this morning that they hold exclusive streaming rights to the forthcoming Walking Dead spinoff Fear The Walking Dead. In addition, “full seasons of future series produced by AMC Networks will be available to stream exclusively on Hulu following their network season runs,” according to a statement.