Paramount Secures $1.5B Global Streaming Deal for South Park

South Park creators Trey Parker and Matt Stone have secured a landmark $1.5 billion, five-year global streaming deal with Paramount, bringing the entire series to Paramount+ in the U.S. for the first time and ending previous licensing arrangements with HBO Max. Under the agreement, their production company Park County will deliver ten new episodes annually, ensuring the show's continuation and stability after years of streaming rights uncertainty and public disputes involving Paramount, Warner Bros. Discovery, and Skydance Media. The negotiations were tense, causing delays in the Season 27 premiere and prompting Parker and Stone to publicly criticize the Paramount-Skydance merger as disruptive. Paramount's acquisition by Skydance complicated discussions, with Skydance favoring shorter deals and exerting veto power over major contracts, leading to a compromise on the five-year term rather than a previously proposed decade-long agreement. The deal also includes a revenue-sharing arrangement dating back to 2007, allowing Parker and Stone to claim nearly half the streaming revenue, highlighting their significant leverage in entertainment finance. Fans have welcomed the deal as it secures the future of the long-running adult animated comedy amid a volatile TV landscape.