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

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

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