HBO Max is said to have paid $85 million per year in a five-year deal for the streaming rights, which are worth $425 million.
The news comes weeks after Jennifer Aniston "broke the internet" when she shared a picture of the cast members reuniting on Instagram.
Alongside the blurry selfie, Jennifer wrote: "And now we're Instagram FRIENDS too. HI INSTAGRAM (sic)."
However, once people got wind that she had joined the popular website, the application crashed temporarily due to the high number of follower requests.
In just four hours, the Horrible Bosses star had gained 300,000 followers.
Although the cast had been certain they would never reunite, Jennifer admitted in June: "I would do it.
"The girls would do it. And the boys would do it, I'm sure."
Crane and Kauffman had also been adamant they would never revive the show.
The latter said earlier this year: "We will not be doing a reunion show, we will not be doing a reboot. The show was about that time in life when friends are your family."
And Crane added: "We did the show we wanted to do. We got it right, and we put a bow on it."