'Power' Deal: Netflix Licenses 4 Series Of Starz Franchise
Netflix will license non-exclusive international rights to Starz’s Power franchise, including Power and three spinoffs, with domestic rights to the mothership series, according to Lionsgate Television. The shows begin arriving on Netflix in early November, with timing varying by market. Starz keeps U.S. exclusivity via its app and platforms. Canada remains on Starz via Bell Media.
How this was made
The 30-second read
Why it matters
Netflix gains international rights to multiple Power series and will also pick up the mothership series in the U.S. from Hulu starting in November. Starz retains U.S. exclusivity (with the original series shared) and continues to stream the franchise on its own platforms, including upcoming offshoots not included in the Netflix deal.
Market read
A concrete cross-platform licensing shift for a major scripted franchise, with specific November rollout timing and U.S. mothership migration from Hulu to Netflix.
What to watch
No financial terms are provided, and the article does not address whether Netflix will market the franchise aggressively or how much of the audience is already captured via other Power-related deals.
Background
The Power universe is produced under Lionsgate Television and Starz, with Lionsgate taking over production after its 2016 Starz acquisition and later splitting in May 2025.
Ticker impact
Netflix will acquire non-exclusive international rights to the Power franchise and move all seasons of the mothership series to Netflix in November.
Moderate positive bias for Netflix sentiment around content slate, with limited direct near-term earnings impact.
The article discloses a concrete licensing expansion and a U.S. mothership move from Hulu to Netflix, but no financial terms or subscriber guidance are provided.
Lionsgate Television is licensing Power series to Netflix internationally and shifting the mothership series from Hulu to Netflix in November.
Mild positive read-through for Lionsgate Television/Lionsgate content monetization, likely limited without disclosed economics.
The text describes rights allocation and timing but does not provide deal value, margins, or consolidated Lionsgate financial impact.
Market effects
Highlights ongoing streamer competition for premium scripted franchises and the continued value of established IP libraries.
International Netflix availability expands Power reach outside the U.S., while Canada remains on Starz via Bell Media partnership.
Reinforces that major franchises can be re-licensed across platforms by territory, affecting subscriber churn dynamics.
Counterpoint
Because the deal is non-exclusive internationally and Starz keeps U.S. exclusivity, the incremental subscriber impact for Netflix may be smaller than the headline implies.
Key entities
- streamerNetflix
Acquires non-exclusive international rights to Power spinoffs and moves the mothership series to Netflix in November.
- content producer/licensorLionsgate Television
Licenses Power franchise rights to Netflix and manages territory-specific agreements.
- streaming platformStarz
Remains the exclusive U.S. home for the Power universe and continues to host series on its app and platforms.
