Netflix and Universal Filmed Entertainment Group Strengthen Partnership with Expanded US Licensing Deal for Features

Netflix and Universal Filmed Entertainment Group have announced an expansion of their licensing deal for feature films in the United States. The agreement will allow Netflix to stream Universal’s movies shortly after they finish their theatrical run, giving subscribers access to a wide range of popular and critically acclaimed films.

This partnership marks a significant move for both companies, as Netflix continues to strengthen its library of content and Universal gains a new platform to showcase its films to a larger audience. The deal will include upcoming releases such as the highly anticipated “Jurassic World: Dominion” and “Fast & Furious 10”, as well as classics like “E.T.” and “Jaws”.

According to Screen International, the expanded licensing deal comes at a time when the entertainment industry is undergoing a major shift towards streaming services. With more people staying at home and relying on digital platforms for their entertainment needs, this partnership between Netflix and Universal is expected to be mutually beneficial.

Netflix has been investing heavily in original content in recent years, but this deal with Universal will give the streaming giant access to a wide range of blockbuster films that are sure to attract a large audience. Universal, on the other hand, will benefit from the additional exposure and revenue that comes from having its movies available on one of the most popular streaming services in the world.

Overall, this expanded licensing deal between Netflix and Universal is a win-win for both parties and is sure to delight movie lovers who can now enjoy a wider selection of films from the comfort of their own homes.