01:49 PM EDT, 10/29/2024 (MT Newswires) -- Netflix ( NFLX ) and Comcast's ( CMCSA ) Universal Filmed Entertainment Group unit said Tuesday they have renewed their licensing deal allowing Netflix ( NFLX ) to stream animated films from Illumination and DreamWorks Animation.

Starting 2027, the expanded deal will include US streaming rights for Universal Pictures and Focus Features' live-action movies, which will launch on Netflix ( NFLX ) within eight months following theatrical release, the companies said.

After each live-action film premieres on the Peacock streaming platform, Netflix ( NFLX ) will have exclusive streaming rights for a 10-month period, after which the films will return to Peacock, they added.

Netflix ( NFLX ) will also gain rights to Universal's full slate of animation and live-action films for additional streaming windows in future years, along with select titles from Universal's older film library, according to the companies.

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