Netflix and AMC Global Media reach a new five-year, $500 million licensing agreement covering “The Walking Dead” and all of its spinoffs. Multiple outlets report the arrangement is co-exclusive, meaning the franchise streams on both Netflix and AMC+ during the term. The original series and six spin-offs are included in the deal, with coverage beginning in 2027 for new Netflix territories. The Hollywood Reporter also notes the extension brings the show to additional Netflix markets such as the U.K. and Australia, while Deadline and Variety describe the pact as global in scope. Deadline adds that the deal allows AMC+ to carry the series as well, and it characterizes the license as renewed by Netflix for a five-year period. Variety describes the agreement as a global licensing partnership between Netflix and AMC Global Media and specifies that it starts in 2027. Across the reports, the financial terms ($500 million), the length (five years), the included titles (the main series and all six spinoffs), and the dual-platform availability (Netflix and AMC+) are consistent.