Netflix Retains Licensed IP Rights For 10 Years Following A Series Cancellation

News January 3, 2023 8:33 am Caleb Williams
wednesday sandman airbender netflix banner

Today, our friends over at Whats-on-Netflix debunked a recent rumor that Wednesday season 2 will move from Netflix to it’s parent company, MGM Televison. We at Knight Edge Media have heard that a writer’s room is getting assembled for a sequel season, it has yet to be officially announced. The report goes on to reveal that Netflix has the right to retain streaming rights on any licensed IP for a period of 10 years following the show’s original cancellation.

What this means is that IPs like Wednesday, The Sandman, One Piece, or Avatar: The Last Airbender need to be canceled first and then after a decade return home. The only time that a company was able to buy back the streaming rights was when Disney took back The Defenders saga from Netflix which included Daredevil, Luke Cage, Iron Fist, and Jessica Jones for Disney+.

All series will stream exclusively on Netflix

READ ALSO:  TRAILER: The Boy in the Iceberg Awakens During A 100-Year War in 'Avatar: The Last Airbender'

Sharing

Tags

, , , ,

| Editor-in-Chief of Knight Edge Media | Film & TV Reporter | Social Media Manager |

Caleb began his film and television news reporting career during high school in 2008 by creating Superhero Movie News and part-time writing on ComicBookMovie.com. Eventually, he started Omega Underground with Christopher Marc in 2015. Breaking some major news stories throughout the industry and gaining recognition as a respectable film reporter on social media.

Caleb eventually sold Omega Underground and all its assets to Geeks World Wide, LLC in 2018 and became a staff writer for them for about a year. Finally, Caleb left GWW to begin Knight Edge Media from scratch in November 2019 while finishing his Bachelor’s degree in Strategic Communication: Social Media Management. Knight Edge Media has become a premier website destination for nerdy film and television casting, trailers, reviews, and production updates from the project’s announcement to its final worldwide release. Knight Edge Media has also been known for breaking several exclusive news stories throughout the website’s history. Appearing in The Hollywood Reporter and The Wrap.

Throughout his film reporting career, Caleb Williams has been given full press credentials for many nerdy Movie and TV conventions, including San Diego Comic-Con, Las Vegas CinemaCon, and Phoenix Fan Fusion. He also has early press access to many upcoming streaming projects for review on Knight Edge Media.

Related Posts