It has come to our attention that Paramount and Netflix are ending their animated film pact. There was a pre-existing agreement in place specifically between Netflix and Skydance Animation that was announced in 2023, with the latter label ultimately falling under Paramount post-merger. The two congloms remain committed to the upcoming animated features on Netflix including Brad Bird’s Ray Gunn, which hopes to be in the awards season mix, in addition to director Rich Moore’s untitled Jack and the Beanstalk project. In a joint statement from the companies’ reps: “Netflix and Paramount have mutually agreed to conclude their animated film agreement. Both companies remain fully committed to the successful releases of Ray Gunn and the untitled Jack and the Beanstalk project on Netflix, and additionally will continue their longstanding content licensing relationship. We are proud of our collaboration to date and look forward to bringing these upcoming films to audiences around the world.” Watch on Deadline Most recently, Skydance Animation’s Swapped became one of Netflix’s most-watched movies of all time with 144.9M global views. Note that Paramount will continue licensing content to Netflix, including series Matlock, The King of Queens, SEAL Team, Watson and NCIS. Skydance Animation is a stand-alone label under Paramount Pictures, and it operates independently from the Jennifer Doge-led Paramount Animation. Skydance Animation is led by John Lasseter, alongside Holly Edwards, Voir plus