Jerry Seinfeld regained his spot at the top of Forbes' highest-paid celebrities list, earning $69 million from June of 2016 to June of 2017, joining the ranks of comedians who make Netflix (NFLX) - Get Report specials their bread and butter.
Seinfeld and second-place Chris Rock both have Netflix to thank for their enormous success, Forbes said. Seinfeld's "Comedians in Cars Getting Coffee" and Rock's stand-up specials earned them sizable paychecks.
Seinfeld, Rock and peer Dave Chapelle each negotiated $20 million contracts for stand-up specials with the streaming service.
"If [comedy specials] were drivers for subscriptions on cable, they would be the same for the streaming world," eMarketer analyst Paul Verna said. Netflix's $6 billion streaming budget allows it to shovel out big bucks for specials like Seinfeld's.
Syndication checks from all those "Seinfeld" reruns don't hurt the show's namesake comedian, either. The Comcast-owned (CMCSA) - Get Report NBC show ended almost two decades ago, but still runs regularly.
More of What's Trending on TheStreet:
- AstraZeneca Takeover Chatter Bubbles Up Again After Massive Drug Trial Disappointment
- Here's How You Can Get a Decent Job at Amazon on August 2
- Ford's Most Popular Pickup Truck Turns 100 Years Old on Thursday - Here's a Look Back
- How Amazon's Jeff Bezos Surpassed Bill Gates to Become the Richest Person on the Planet