Castcast could pull Universal Movies from Netflix to boost its Peacock offerings

The battle to keep pace with the era of streaming has encouraged Hollywood studios to take defensive action. After licensing movies and shows on Netflix and Amazon, Disney and Warnermedia prefer Yanked Them The largest property Not to be outdone by the competition to promote their own platforms, so-called Customs-owned NBC Universal is pursuing a similar strategy to support its newly launched streamer. Peacock, Report Bloomberg. HBO Max and Netflix currently pay the media company millions of dollars for its Universal Picture movie and popular animated film slate. However, with only so much room left for new streaming services, there is ongoing debate over whether senior executives will move away from the lucrative rights deal when it expires at the end of the year.

The dilemma is part of a larger earthquake change, with Hollywood reluctantly running through shutter movie houses and more fierce competition. Deep pocketed Streamers, Including new entrants Apples. Disney – before that Pulled Movies from Netflix – shut down theatrical movies, including Pixar Spirit And the upcoming Marvel blockbuster Black widow, Disney +. AT&T’s WarnerMedia has taken a similar approach Together The movie was released in theaters and on HBO Max.

Meanwhile, the peacock has left his favorite sitcom Office Rely on the front and center and a mix Sports And Nostalgia To attract customers to its service. However, NBCU’s higher ups are now wondering if Peacock’s 33 million subscriber base can be used to lease movies and shows to others. Exposing age-old business models is not easy but has not yet been decided. Executives are clearly considering a hybrid strategy that allows Peacock to share rights with other services in the vein of its contract with Disney’s Hulu. Modern family.

Universal’s fascinating catalog includes popular animated films from franchises such as Jurassic Park, Fast and the Furious, and lighting entertainment. Desperate me And The secret life of pets. While the old stuff doesn’t match the raft of new shows and movies, Netflix is ​​pumping, hoping it will keep people subscribing to the original.

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