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The Guide

Global · Trade explainer

Who Owns Hollywood’s Classic Films?

Paramount's takeover of Warner Bros. Discovery redraws the map: who owns which classic studio library now, and why that decides where old films stream.

By Jeff Cameron 4 min read

Photo: Chris Yarzab, CC BY 2.0, via Wikimedia Commons

Wonder why a classic film is on one streamer this month and gone the next? Start with who owns it. Hollywood’s back catalogues now sit with a handful of very large companies, and each has its own idea of what an old film is worth. Here is the map, as it stands in October 2026, and what it means for where the classics turn up.

Skydance: Paramount and Warner Bros. under one roof

The biggest change is the newest. On 6 October, Paramount completed its acquisition of Warner Bros. Discovery and renamed the combined company Skydance, according to its filing with the US Securities and Exchange Commission. The release lists Paramount and Warner Bros. among the new company’s brands and says the two companies’ streaming products “will unify into a single service over time.”

For classic film, that puts two of the oldest studio libraries in one place. Paramount’s side runs from Sunset Boulevard and Roman Holiday to The Godfather and Chinatown. Warner’s runs from Casablanca and The Maltese Falcon through Stanley Kubrick’s The Shining. Until the services merge, expect those titles to keep living in two separate apps.

Disney: the Fox library

When Disney completed its acquisition of 21st Century Fox on 20 March 2019, its own announcement listed the businesses it took on: Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family and Fox Animation, plus a stake in Hulu. That brought decades of Fox features, from All About Eve to The Sound of Music, into the same company as Walt Disney Animation, Pixar, Marvel and Lucasfilm. The Fox studio now operates as 20th Century Studios, and its films typically land on Disney+ or Hulu, depending on the market.

Amazon MGM Studios: the lion and the United Artists catalogue

Amazon agreed to buy MGM for US$8.45 billion in May 2021, and the deal closed the following March. Amazon said at the time that MGM brought more than 4,000 films and 17,000 TV shows, with titles including 12 Angry Men, Raging Bull, Moonstruck, Thelma & Louise, The Silence of the Lambs and the Rocky, Pink Panther and James Bond franchises. Many of those were originally United Artists releases, which is why a lot of 1960s and 1970s American cinema now leans toward Prime Video.

Universal: the 6,500-film vault

Comcast’s NBCUniversal library is large. Comcast’s latest annual report says its Studios segment’s library includes more than 6,500 movies, under the Universal Pictures, Focus Features, DreamWorks Animation, Illumination and Working Title names. That is home to Universal’s 1930s monster cycle, from Dracula to Frankenstein, as well as Steven Spielberg’s Jaws. Peacock is the in-house service, but Universal licenses widely: in October 2024 Netflix announced an expanded US deal that, starting with the 2027 slate, gives it Universal live-action films for 10 months after their Peacock window, plus select titles from Universal’s film library.

Sony: the studio without a flagship streamer

Sony Pictures Entertainment owns Columbia Pictures and TriStar Pictures, and with them classics such as It Happened One Night, Lawrence of Arabia and Dr. Strangelove. Unlike its rivals, Sony has no general entertainment streaming service of its own. It sells instead: in April 2021 Netflix announced an exclusive US first pay-window deal for Sony’s theatrical films from 2022, which also covered select titles from Sony’s movie library. That is why a Columbia classic is just as likely to be on Netflix as anywhere else.

Why ownership is only half the story

Owning a film and streaming it are not the same thing. Studios license their libraries in windows: a title can be exclusive to one service for months, return to its owner’s app, then go out to a rival again. Rights also differ by country, so a film owned by an American studio may stream on a different service in Canada, the UK or Australia. And some older titles carry music or underlying rights that make them expensive to stream at all, which is why a few well-known classics remain hard to find on any subscription service.

What it means for you

  • Follow the owner first. For a Paramount or Warner classic, check Paramount+ and HBO Max; for a Fox title, Disney+ or Hulu; for MGM and United Artists, Prime Video; for Universal, Peacock and Netflix; for Columbia, Netflix in the US.
  • Expect more consolidation in apps, not just studios. Skydance says its streaming products will unify into a single service over time, which should put more of the studio era in one place.
  • Licensing beats loyalty. Universal and Sony both send library titles to Netflix, so the studio’s own app is not always the answer.
  • Keep a rental budget. For anything outside the subscription rotation, digital rental remains the most reliable way to watch a specific classic tonight.

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