Netflix extends deal for animation films with Universal Pictures


FILE PHOTO: A smartphone with the Netflix logo is seen on a keyboard in front of displayed "Streaming service" words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic/File Photo

(Reuters) - Netflix Inc and Comcast Corp's Universal Pictures are extending a multi-year exclusive rights deal in the United States for animated film franchises such as "Minions" and "Puss in Boots", the streaming giant said on Tuesday.

Netflix's rights to stream these popular movies, which are made by Universal's DreamWorks Animation studios, will begin after a four-month window on Peacock, Comcast's in-house streaming service.

Netflix currently streams movies including "Despicable Me" and "The Grinch" from Universal's Illumination studios.

The streaming company added it would license the rights to Universal's full-animated and live-action slate of films about four years after their release as well as the rights to other select titles.

The deal should help Netflix keep the kids subscriber base hooked and comes at a time when studios such as Disney are holding back on selling rights to streamers to boost their own platforms.

Comcast last week said that Universal's new movies would exclusively go to Peacock no later than four months after they debut in theaters.

(Reporting by Eva Mathews in Bengaluru; Editing by Amy Caren Daniel)

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read