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Netflix renews The Walking Dead in 5-year, $500 million co-exclusive deal with AMC Global Media
The Apex Times

THE APEX TIMES

Culture/The Apex Times/Jul 30, 7:09 AM EDT

Netflix renews The Walking Dead in 5-year, $500 million co-exclusive deal with AMC Global Media

The streaming agreement covers the original series and its spinoffs, with co-exclusive rights that also allow the franchise to appear on AMC+ beginning next year.

2 min readEditor-approved Apex article

Netflix has renewed The Walking Dead under a five-year licensing agreement valued at $500 million with AMC Global Media, extending distribution rights for the zombie franchise and related series, Deadline reported July 30, 2026.

The deal is described as co-exclusive, meaning Netflix will retain streaming rights while AMC Global Media also plans to make the franchise available on its own platform. Deadline reported that streaming on AMC+ is set to begin next year under the same arrangement.

Deadline said the agreement covers the full catalog of The Walking Dead, including the original series and its spinoffs. The report cited 371 total episodes across the original run and the six spinoff series, reflecting the scope of the rights being renewed.

The renewal keeps one of television’s longest-running genre properties in ongoing circulation across major streaming and cable-adjacent audiences. The franchise’s continued availability on two platforms also reflects the extent to which networks and streamers have increasingly treated back catalogs as strategic content assets.

Under the reported structure, viewers can expect the title to remain in Netflix’s programming lineup through the term of the renewal. At the same time, the co-exclusive component is intended to allow AMC+ to carry the franchise starting next year, giving AMC Global Media a pathway to strengthen its own library without ending the Netflix relationship.

Financial terms reported by Deadline position the renewal as a major payment for rights spanning multiple series. The reported $500 million figure covers a defined multi-year period and includes the franchise’s connected titles rather than a limited selection of seasons.

Netflix and AMC Global Media did not provide additional details in the Deadline report beyond the duration, reported value, and the platforms covered. The practical effect for audiences will depend on scheduling and release timing during the renewal window, including what becomes available when AMC+ begins streaming the franchise next year.

Why It Matters

  • The renewal extends a large back-catalog property across two major distribution platforms, which can affect what families and genre audiences can access during coming years.
  • The reported $500 million figure underscores the economic stakes of licensing older franchises, where episode volume can drive contract value.
  • Co-exclusive rights also report how rights holders are balancing direct-to-consumer strategy with partner streaming arrangements.
  • AMC+ gaining franchise access starting next year may shift competitive pressure in streaming libraries, not just new-release scheduling.
  • The multi-series, multi-episode scope of the deal means changes to rights availability, if any, could have downstream effects on downstream syndication and marketing plans for the franchise.

Sources

Key Facts

  • Netflix renewed The Walking Dead in a five-year deal with AMC Global Media, reported at $500 million.
  • The agreement is co-exclusive, allowing the franchise to stream on Netflix and AMC+.
  • Deadline reported the rights cover the original series and all of its spinoffs.
  • The report said the package totals 371 episodes across the original series and six spinoffs.
  • Deadline reported AMC+ streaming under the co-exclusive arrangement begins next year.