NBCUniversal’s premium streamer Peacock has struck a multi-year deal with Universal Filmed Entertainment Group. Peacock will get theatrical movies as soon as four months after their theatrical release.
NBCUniversal calls the new four-month window an “accelerated” deal. Universal Pictures will also produce exclusive movies for Peacock.
This is just the latest move by premium TV/video streamers to align themselves with their sister theatrical divisions -- all to gain rising business from high-profile movies.
Other major studios -- Warner Bros, Walt Disney and Paramount -- have made similar arrangements with their sister company premium streaming platforms.
Universal previously had a 10-year film deal, starting in 2013 -- a reported $2 billion deal -- to air its movies exclusively on cabler HBO. A year ago, in May 2020, WarnerMedia launched its premium streamer HBO Max.
Universal’s new deal with Peacock starts next year, with films coming from the studio’s production brands -- Universal, Focus Features, Illumination and DreamWorks Animation.
In 2022, Universal Pictures will be releasing the latest edition of its big “Jurassic World” franchise -- “Jurassic World: Dominion.”
Other highly touted movies from the studio include new movies from DreamWorks Animation -- “The Bad Guys” and “Puss in Boots: The Last Wish,” as well as the next movie from the “Minions” animated franchise: “Minions: The Rise of Gru.”
Big theatrical movies on premium streamers have been a major selling point over the last year -- especially in getting new subscribers.
“We have seen incredible viewership of movies and continue to expand our catalog with a range of films for every fan and occasion,” stated Matt Strauss, chairman, direct-to-consumer/international for NBCUniversal.
The new shorten four-month exclusive theatrical release window for movie chains had been as long as six to seven months. This brings new movies to the so-called “pay-one" home entertainment window at a faster clip. That is, the first place a theatrical release goes after its exclusive cinema run.
That pay-one window typically lasts 18 months. NBCU/Universal Film deal will now be broken into three segments -- a four-month period, followed by a 10-month period, followed by another four-month period.
Each four-month period gives Peacock an exclusive airing of Universal movies. But for the 10-month period, Universal Filmed Entertainment Group says a deal will also be made with another distribution partner, which will be announced soon.