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Netflix & Skydance Animation End Deal

The companies will still release two remaining films on Netflix and keep licensing content, while Skydance Animation returns to theatrical distribution through Paramount.

  • Paramount and Netflix are ending the distribution agreement that made the streamer the exclusive home of Skydance Animation features for the past three years, the companies announced on Monday.
  • Following Skydance's merger with Paramount Global, distribution plans shifted as the studio moves toward theatrical releases. The split clears the way for Skydance Animation to return to theaters after years of streaming-first releases.
  • Director Brad Bird's sci-fi noir Ray Gunn premieres December 18, 2026, and Rich Moore's untitled Jack and the Beanstalk project remain on the Netflix slate. Both companies remain fully committed to these final two releases.
  • Paramount will continue licensing content to Netflix, including Matlock, SEAL Team and NCIS, while future Skydance Animation films like Cosmic Motors will be released theatrically through Paramount Pictures.
  • The partnership produced mixed results, with Spellbound failing to make an impact in 2024, while Swapped became a major success with roughly 144.9 million global views.
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Cartoon Brew broke the news in Burbank, United States on Monday, September 14, 2026.
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