The morning news on July 7, Beijing time, according to reports,Universal Pictures, a subsidiary of Comcast Corp, said on Tuesday that the new film will only be sent to the company’s Peacock streaming service no later than four months after it is released in theaters.Currently, Universal Pictures’ movies are transferred to AT&T Inc’s HBO TV channel and HBO Max streaming service after about six months.
The new agreement will be implemented in 2022 and will include films from Universal Pictures, the animation studio DreamWorks Animation and Lighting Entertainment, and the art film division of Focus Pictures. The financial terms of the agreement were not disclosed.
The company said in a statement that upcoming movies include the new film “Jurassic World: Dominion” by Jordan Peele, director of “Get Out.” , And the latest episodes of the animated films “Minions” (Minions) and “Puss in Boots” (Puss in Boots).
Media companies are adding movies and TV shows to their streaming services to compete with viewers such as Netflix and The Walt Disney Company.
The agreement between Universal Pictures and Peacock’s streaming service covers what the industry calls the “Pay-One” window period, which is the time for the movie to be played on the streaming service or cable channel after it leaves the theater. This period usually lasts 18 months.
Universal Pictures and Peacock agreed to divide the window period into three parts. During these 18 months, the new movie will be released in Peacock in the first four months and the last four months. In the interim 10 months, Universal Pictures will license the film to other distributors.
The company said in a statement: “By displaying content on multiple platforms during the Pay-One window, (Universal Pictures)’s works will be continuously updated in the streaming media ecosystem to ensure that no works or platforms are oversaturated.”
Universal Pictures also stated that it will start producing original movies exclusively for Peacocks.
.