An earlier streaming release could have negatively impacted box office revenue and violated contractual agreements regarding release windows.

The film has received 10 Academy Award nominations, including Best Picture, and its streaming release will occur just before the 97th Academy Awards ceremony.

Jon M. Chu won Best Director at the Critics' Choice Awards for 'Wicked', while Grande and Erivo are hopeful for recognition at the upcoming Oscars.

Universal Pictures strategically delayed the streaming release to leverage the film's strong box office performance, which has remained robust four months after its debut.

Directed by Jon M. Chu, 'Wicked' has grossed nearly $730 million worldwide, making it the highest-grossing Broadway musical adaptation of all time.

The film features a star-studded ensemble cast, including Cynthia Erivo as Elphaba, Ariana Grande as Glinda, and Michelle Yeoh as Madame Morrible.

Currently, 'Wicked' is available for rent or purchase on platforms like Amazon Prime Video and Apple TV, with rental priced at $19.99 and purchase at $29.99.

Despite potential competition from Disney's live-action 'Snow White', 'Wicked' is expected to have a successful streaming launch, bolstered by its critical acclaim and an 88% Certified Fresh rating on Rotten Tomatoes.

The sequel, titled 'Wicked: For Good', will feature the original cast and introduce both original songs and new musical elements.

The film adaptation of the acclaimed musical 'Wicked' will be available for streaming on Peacock starting March 21, 2025, following its successful theatrical run.

In the UK and Australia, 'Wicked' is also available for rental or purchase, with limited access until late February.

Critics have praised 'Wicked' as a cinematic triumph, highlighting standout performances and impressive production values.