Fans of zombies and post-apocalyptic survival have good news to celebrate this week. The massive television franchise is staying put on the biggest streaming platform for the foreseeable future. A huge new licensing agreement ensures that viewers will not lose access to these popular horror episodes anytime soon.
The popular streaming service just renewed its rights to The Walking Dead universe in a major global agreement with AMC Global Media.
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The new agreement secures the show for five full years
This massive move from Netflix shows that older television hits still hold incredible value. The platform agreed to pay a whopping $500 million to keep the zombie drama in its content library. It is a huge financial commitment that speaks volumes about how many people still tune in to watch the series.
The deal guarantees that the show will remain available for another half-decade. By signing a five-year contract, the company ensures a steady stream of content for its horror and thriller fans. It also prevents rival streaming platforms from swooping in and taking a massive piece of television history away from its user base.
Both companies will share the rights through a joint deal
A highly interesting part of this $500 million transaction is the co-exclusive nature of the contract. This means the streaming platform does not hold the sole right to air the show. AMC Global Media retains the ability to stream and broadcast its own property on its native television channels and services.
For the average viewer, this just means more options. You can continue watching the survival story on the service you already pay for without jumping through extra hoops. This setup creates a massive win for both businesses. The original network gets a huge payday, and the streaming giant gets to keep a show that consistently draws in massive viewership numbers.
As the entertainment landscape grows more competitive, securing a huge library of episodes helps platforms keep subscribers engaged. This massive contract proves that owning a popular backlog of shows is just as important as producing new original movies.
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