Modern Family, which wrapped its highly decorated, 11-season broadcast TV run last year, is embarking on a significant new streaming chapter via a shared deal with Peacock and Hulu.
Starting February 3, all 250 episodes of the sitcom will be available on both services after years of only having a limited batch of episodes on Hulu. The go-go streaming market remains in effect, with sources indicating a multi-year acquisition price well into nine figures, consistent with healthy rates for recent half-hours like Friends, The Office and Seinfeld. Prices have been driven higher by a handful of new billion-dollar players entering the streaming fray over the past year.
NBCUniversal’s Peacock, which launched in mid-2020, appears to have benefited from an expansive rights deal reached in 2010 that put syndicated episodes on USA Network, according to people familiar with the talks. Even though that long-term agreement was reached at the dawn of streaming, it included all rights, which enabled Peacock to keep its place at the table.
