Netflix has quietly finalised a substantial new licensing agreement with Paramount Global, adding roughly 20 television titles to its U.S. and international catalogues. The deal, revealed in Netflix’s fourth-quarter 2025 shareholder letter released alongside its latest earnings report, comes as the streamer remains locked in a highly publicized bidding battle for assets tied to Warner Bros. Discovery.
While investor attention has largely focused on Netflix’s aggressive push for HBO and Warner Bros. studio holdings, the Paramount agreement signals a parallel strategy: strengthening the platform’s library through targeted partnerships with rival studios. Under the new deal, Netflix will license content spanning Paramount+, Showtime, and CBS, continuing a trend that has seen the company leverage established franchises to bolster subscriber engagement.
Netflix has already become an international home for several Taylor Sheridan–created series, including Yellowstone and its spinoffs in select territories. Earlier this year, some Asian markets also picked up Landman shortly after its debut, highlighting the growing depth of Netflix’s Paramount-sourced offerings outside the United States.
U.S. and International Releases
Three high-profile dramas are slated to arrive on Netflix both domestically and in multiple international markets.
Mayor of Kingstown is viewed as the centerpiece of the deal. Created by Taylor Sheridan, the Jeremy Renner–led series has been a flagship title for Paramount+. Set in a Michigan town where the prison industry dominates the economy, the show follows the McLusky family as they navigate corruption, violence, and power struggles.
The series is expected to conclude with its fifth and final season later this year, making its arrival on Netflix a notable coup.
Watson will also join the lineup. The series, which debuted on CBS in early 2025, reimagines the Sherlock Holmes universe by focusing on Dr. John Watson after the death of his famous partner.
Starring Morris Chestnut, the show blends medical drama with mystery elements and has performed steadily in broadcast ratings. Its addition to Netflix reflects a growing pattern in which CBS series gain renewed momentum after landing on the streamer.
Rounding out the globally licensed titles is SEAL Team. After beginning its run on CBS and later moving to Paramount+ for its final seasons, the military drama starring David Boreanaz will now reach Netflix audiences. The series follows an elite Navy SEAL unit as they balance high-risk missions with personal challenges, a genre that has historically performed well on Netflix.
International-Only Titles
Two additional series are confirmed for international markets, with availability expected to vary by country.
The investor letter references Matlock, the recent CBS reboot starring Kathy Bates rather than the original Andy Griffith–era series. The modern adaptation has been a major ratings success, featuring Bates as a sharp veteran attorney who returns to legal practice with hidden motives.
Also included is the long-running sitcom The King of Queens. Starring Kevin James and Leah Remini, the series remains a staple of syndication and centers on a working-class couple in Queens navigating married life alongside an overbearing family dynamic.
Netflix has not yet announced specific release dates or confirmed how many seasons of each title will be available at launch. More details are expected in the coming months as the rollout approaches.
