Disney Strikes Major Licensing Deal with Netflix, Adding Ice Age and Percy Jackson

Disney (DIS) has agreed to license a lineup of movies and TV series to Netflix (NFLX), including the Ice Age films, Percy Jackson and the Olympians and Will Trent. The first two seasons of Percy Jackson and all five existing Ice Age movies start streaming on Netflix globally on October 4 for a three-month window. Neither company disclosed financial terms.

The deal is structured around Disney's own release calendar. The Percy Jackson window runs ahead of the show's third season, which premieres on Disney+ on November 20, and the Ice Age run precedes the theatrical release of Ice Age: Boiling Point in early 2027. Will Trent's first four seasons reach Netflix on November 3, ahead of its fifth season on ABC, and library series such as Felicity, Revenge and This Is Us are included in various regions. Disney and Pixar films including Soul, Elio and Raya and the Last Dragon are slated to rotate onto Netflix from early 2027.

Disney said its branded content will largely remain exclusive to its own streaming platforms and TV channels, which frames the agreement as selective library monetization and promotion for upcoming releases rather than a retreat from Disney+. For Netflix, it adds recognizable licensed titles alongside its originals.

The licensing news landed the same week as a separate development: Disney is reorganizing its television business to better compete in streaming. That restructuring, led by Disney Entertainment Television chair Debra O'Connell, would centralize units such as ABC Entertainment, 20th Television, Hulu Originals and Freeform and is reported to involve hundreds of layoffs, with details possibly not final until year-end.

What to watch: whether the Netflix windows lift Disney+ viewing for Percy Jackson season three and box office for the next Ice Age film, whether Disney extends similar windows to more titles, and how the TV reorganization shows up in costs and the content pipeline.