Late last month brought word that Jon Hurwitz, Josh Heald, and HaydenSchlossberg's Karate Kid sequel series Cobra Kai was looking for a new home, and now we know where that home is going to be. Netflix has secured the rights to the third season of the series, making it a streaming service Original. The deal would include exclusive rights to the third season and future seasons, and non-exclusive access to the first two seasons to be able to offer series catch-up options. The first two seasons will be available on Netflix later this year, followed by the new season. Reportedly, it was the streaming service's "financial commitment, massive subscriber base, global reach and passion for the material" that secured the deal. Netflix and Sony TV are also looking to possibly expand the franchise with future Karate Kid-based projects.
Considering the cliffhangers viewers were left with at the end of the second season, viewers are definitely looking for answers. Ralph Macchio's Daniel is packing his bags and heading to Okinawa, Japan, to find a bit of that "Miyagi mojo" as well as learn the origins of both Miyagi-Do Karate and Cobra Kai. Then there's the matter of whether Karate Kid actress Elizabeth Shue (The Boys) would (finally) make an appearance, how Miguel (Xolo Maridueña) will end up after his accident in the finale, and if Johnny (William Zabka) can get his dojo back from his father (Martin Kove).
Deadline Hollywood reported exclusively in May that YouTube was ready to release the series to another streaming service once Sony Pictures TV has secured a new home for the series. Reportedly, the number of potential contenders had been narrowed down to Netflix and Hulu. With the television landscape still reeling from the coronavirus pandemic leading to a lack of scripted programming, a series like Cobra Kai that comes with a full season and a large viewership is a streaming dream for services right now. While YouTube was committed to airing the third season, Sony TV was looking for a service that could offer the series a future beyond that as well as expand the Karate Kid universe.