It seems that reports of the death of the Magnum P.I. reboot may have been exaggerated.
According to a report from Deadline, Universal TV – a co-producer on the series alongside CBS Studios – began shopping the series around the moment it was canceled. Currently, it looks as though NBC, which is owned by Universal, is looking into picking it up for season 5, while the previous four seasons could go to USA Network for reruns.
The streaming rights could end up elsewhere, however. Paramount Plus is apparently in the mix, but there is a chance Peacock could move in to accompany the first-run rights.
All parties have until June 30 to hammer out a deal as that is when cast options expire. Should discussions go beyond that date, Universal would need to extend the actor’s contracts while a deal was worked out.
This has become a new reality of television where canceling a series potentially hands a series with a built-in audience to a competitor. Not every outlet is looking for the same kind of numbers, so just because it didn’t survive in one location doesn’t mean it’s not perfect for another.
We’ll just have to wait and see what the official decision ends up being on the series.