Overview
- The companies announced the five‑year licensing agreement on Thursday, July 30, 2026, and it formally begins in 2027 with individual series and regional launches phased as existing local licenses expire.
- The deal covers the original The Walking Dead plus six spin‑offs — Fear the Walking Dead; Daryl Dixon; Dead City; The Ones Who Live; World Beyond; and Tales of The Walking Dead — totaling 371 episodes.
- Under the co‑exclusive terms, both Netflix and AMC+ will stream the shows and the original series will appear on AMC+ for the first time beginning in 2027.
- Netflix will pay an aggregate $500 million in quarterly installments tied to each title’s start date, with AMC disclosing roughly $25 million expected in 2026, about $100 million annually from 2027–2030, and the remainder in 2031.
- Executives say the pact expands Netflix’s proven library of long‑running content to drive viewing hours and gives AMC a predictable revenue stream as it shifts more of its business to streaming.