[HN Gopher] The Economics of Seinfeld (2010)
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       The Economics of Seinfeld (2010)
        
       Author : herbertl
       Score  : 70 points
       Date   : 2022-04-30 06:54 UTC (16 hours ago)
        
 (HTM) web link (yadayadayadaecon.com)
 (TXT) w3m dump (yadayadayadaecon.com)
        
       | dang wrote:
       | Related:
       | 
       |  _The Economics of Seinfeld_ -
       | https://news.ycombinator.com/item?id=8673394 - Nov 2014 (23
       | comments)
       | 
       |  _The Economics of Seinfeld_ -
       | https://news.ycombinator.com/item?id=1898243 - Nov 2010 (1
       | comment)
        
       | manifoldgeo wrote:
       | I was hoping this article was going to be about TV show
       | syndication. Jerry Seinfeld was worth nearly one billion dollars
       | last time I checked, nearly all from royalties paid out for
       | reruns of the show. How the hell did broadcast networks like NBC
       | afford a payout like that?
        
         | qiskit wrote:
         | > Jerry Seinfeld was worth nearly one billion dollars last time
         | I checked
         | 
         | I always wondered who made out better from the show - larry
         | david or seinfeld?
         | 
         | > nearly all from royalties paid out for reruns of the show.
         | How the hell did broadcast networks like NBC afford a payout
         | like that?
         | 
         | The royalties aren't just from NBC. It's from everywhere they
         | syndicate the show - netflix, amazon, other tv channels, other
         | countries, etc.
        
           | psyc wrote:
           | At those dollar amounts, they probably made out roughly the
           | same. David would also be worth about a billion (similarly,
           | mostly from Seinfeld), if he hadn't divorced.
        
           | beerandt wrote:
           | Idk the payout by role, but besides only being an actor in a
           | few episodes (stienbrener's voice, cape wearing attorney, &
           | ?) Larry David left the show (as a writer) after season 7.
           | 
           | I'm sure he still got paid plenty as a co-creator for post-
           | season-7, but I'd think not being a writer for the full run,
           | or being primary cast, would put him earning less overall
           | royalties than Seinfeld, assuming they got paid roughly the
           | same as creators.
        
             | gingerlime wrote:
             | > Larry David left the show (as a writer) after season 7.
             | 
             | I'm rewatching with my wife, who never watched it before,
             | and definitely the latest seasons feel worse. I didn't
             | remember it this way. Now I understand why.
        
               | 1123581321 wrote:
               | Not just Larry leaving, but David Mandel writing and
               | running more of it. By accounts a very nice man, easy to
               | work with, financially predictable for the network, but
               | hardly a brilliant or challenging comedy writer. He also
               | took over more of Curb and Veep in their later seasons
               | and the corresponding quality drop happened on both of
               | those shows as well.
        
               | easton wrote:
               | The interesting thing is that two of the most remembered
               | jokes from the show, "Serenity Now!" and Festivus, were
               | both in Season 9.
        
               | gingerlime wrote:
               | honestly fwiw I only vaguely remember festivus and don't
               | remember serenity now at all.
               | 
               | I don't think seinfeld was great for jokes as such. if
               | anything, I feel like later episodes were a bit trying
               | too hard to create jokes and over-the-top silly
               | situations (e.g the episode where Kramer sells the real
               | Peterman bus tour and Elaine trying to dump the stumps of
               | the cupcakes)
        
               | dwighttk wrote:
               | Muffins
        
               | kevin_thibedeau wrote:
               | The Peterman bus tour was a meta joke because the real
               | Kramer was running a Seinfeld bus tour in real life.
        
               | aspenmayer wrote:
               | That part always cracks me up, it's literally too absurd,
               | verging on farcical, and yet the truth is stranger still
               | than fiction.
        
               | beerandt wrote:
               | Larry David contributed so much of his trademark
               | awkwardness, but also was responsible for tying together
               | multiple plot arcs at the end of episodes.
               | 
               | The episodes that all seemed to culminate perfectly on
               | multiple levels as the credits rolled where largely his
               | doing.
               | 
               | Similar to George learning to walk out on a high note,
               | leading to outsized expectations. And that type of
               | pressure is largely why David left the show.
               | 
               | ETA: If you've never watched curb your enthusiasm, watch
               | a couple of episodes and you'll immediately recognize
               | what was largely missing in the episodes once David left.
        
               | oceanghost wrote:
               | > but also was responsible for tying together multiple
               | plot arcs at the end of episodes.
               | 
               | In writing terms this is called the "Harold format".
               | David didn't invent it, but he might have been the first
               | person to bring it to TV.
        
               | gingerlime wrote:
               | > Similar to George learning to walk out on a high note,
               | leading to outsized expectations. And that type of
               | pressure is largely why David left the show.
               | 
               | I'm not sure I follow? do you mean that he was worried
               | about the show going downhill as it became more popular,
               | so he preferred to leave when it was still doing great?
               | 
               | yes, I watched some curb your enthusiasm. it was harder
               | to get used to because of the improv style, but I enjoyed
               | it a lot. Hope my wife will like it as next step after we
               | finish seinfeld.
        
               | longtimelistnr wrote:
               | I think to some degree Larry David is more selfish than
               | you're describing and I'd argue he cares more about
               | himself being embarrassed rather than disappointing fans
               | of the show
        
               | beerandt wrote:
               | He was so good at ending the episodes on a that multi-
               | dimensional high note- it was a hard thing to keep doing.
               | At least to his standards.
               | 
               | I think it was more of not wanting to disappoint
               | himself/others in that role than any expectation that the
               | show would go downhill or was on the verge of getting
               | stale.
               | 
               | But that's just my layman's take.
               | 
               | There's plenty of early era blog posts written on the
               | topic by people more informed than me, though. As well as
               | dead-tree entertainment magazine articles.
        
             | HWR_14 wrote:
             | Seinfeld was among the last shows that paid no royalty to
             | the actors going forward. Seinfeld gets royalties because
             | he was a producer.
        
         | Mikeb85 wrote:
         | > How the hell did broadcast networks like NBC afford a payout
         | like that?
         | 
         | Obviously from receiving more than a billion dollars...
        
         | [deleted]
        
         | HWR_14 wrote:
         | > How the hell did broadcast networks like NBC afford a payout
         | like that?
         | 
         | They have paid it out as a percentage of revenue over many
         | years. They raised the offer to $5 million an episode for the
         | 10th season (that he refused), so they only had been paying
         | like $2 million an episode ($46 million a year) when it was on.
        
       | gigatexal wrote:
       | Love this. I never watched the show but majored in economics so
       | this is fun.
        
         | morninglight wrote:
         | The funniest Seinfeld episode had no actors, but lots of irony.
         | 
         | Jerry Seinfeld owns a an automobile collection of about 150
         | cars, including a large Porsche collection. He rented a hangar
         | at the Santa Monica Airport in California, for an extended
         | period during the 1990s for storage of some of the collection.
         | In 2002, Seinfeld purchased property on the Upper West Side of
         | Manhattan where he built a $1.4 million two-story garage to
         | store part of his Porsche collection on the East Coast. The
         | centerpiece of his collection is a $700,000 Porsche 959, one of
         | only 337 built.
         | 
         | In 2008, Seinfeld was involved in a car accident when the
         | brakes on his 1967 Fiat 500 failed and, to avoid an
         | intersection, he pulled the emergency brake while turning
         | sharply, ultimately causing the car to flip onto its side. No
         | one was hurt.
         | 
         | https://en.wikipedia.org/wiki/Porsche_959
         | https://en.wikipedia.org/wiki/Fiat_500
         | https://en.wikipedia.org/wiki/Jerry_Seinfeld#Automobiles
         | 
         | .
        
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