‘The Walking Dead’ Renewed By Netflix In 5-Year, $500M Co-Exclusive Deal With AMC Global Media
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- Netflix renewed The Walking Dead in a five-year, $500 million deal with AMC Global Media covering the original series and all spinoffs, with the franchise having streamed on the platform since 2011.
- AMC+ will carry the original series for the first time starting next year under the co-exclusive arrangement, a notable expansion for the streaming service that previously lacked the flagship show.
- The deal covers 371 episodes spanning the original series and six spinoffs — Fear the Walking Dead, Daryl Dixon, Dead City, The Ones Who Live, World Beyond, and Tales of The Walking Dead — across the US, UK, Italy, Australia, New Zealand, and other new territories.
- The Walking Dead original series premiered on Halloween 2010 and ran for 11 seasons, providing what AMC Global Media calls a massive economic engine for the company.
- Lori Conkling, Netflix's VP of Licensing, said the show continues to attract new fans after nearly 15 years on the platform, while Kristin Dolan, CEO of AMC Global Media, called the agreement a fantastic result for fans and the timeless IP.
- The news broke Thursday morning as AMC prepared to announce its second-quarter earnings results, suggesting the deal's financial impact will factor into the upcoming report.
Why it matters: AMC Global Media lands a $500 million commitment from Netflix over five years while gaining something it never had: the original Walking Dead series on its own AMC+ platform starting next year. The co-exclusive structure means AMC can now leverage its most valuable IP to drive AMC+ subscriptions rather than ceding all streaming value to Netflix, while Netflix secures global rights across expanded territories for a franchise that has been a proven acquisition and retention driver since 2011.
