EXCLUSIVE:
YouTube’s flagship scripted series
Cobra Kai will be moving to a new streaming platform for its upcoming third season. The Google-owned online video service is in the process of releasing Season 3 of the popular show to producing studio Sony Pictures TV amid a retreat from premium original scripted programming.
Sony TV had taken
Cobra Kai out, with all major streamers expressing interest, sources said. I hear the field of suitors has been narrowed down, with Netflix and Hulu leading the short list of contenders for the
Karate Kid sequel series, starring Ralph Macchio and William Zabka.
Noone would comment but I hear that, along with exclusive rights to Season 3 of
Cobra Kai, the new outlet will have access on a non-exclusive basis to the first two seasons of the show for fans to catch up. That has been part of the negotiation with YouTube, which had ownership in and exclusive global rights to the first two seasons under the original license agreement with Sony TV.
Questions about the longterm future of
Cobra Kai on YouTube arose when the company in late 2018 signaled a strategic shift from a SVOD to AVOD model and away from original scripted programming to double down on unscripted fare. Indeed, every YouTube scripted original to air since then has been canceled except for
Cobra Kai and
Liza on Demand, starring popular YouTube personality Liza Koshy, which have been renewed for additional seasons.
On the heels of a record-setting Season 2 premiere of
Cobra Kai, YouTube in April 2019 ordered a third season. I hear YouTube remained committed to airing the completed third season but notified its Sony TV partners that they won’t be commissioning a fourth season.
Looking to secure a future for the show beyond Season 3, Sony TV asked for permission to shop the upcoming season to an outlet that, in success, would order additional seasons. Negotiations between the two sides ensued. They are nearing a successful conclusion but YouTube would not formally release the series until a new home has been secured, we hear.