Paramount has finalized a significant agreement for the global streaming rights of the entire South Park back catalog, committing $1.5 billion for a five-year term. This contract comes after lengthy negotiations with creators Matt Stone and Trey Parker, moving the rights from HBO Max, the previous holder. Paramount had initially proposed a co-streaming arrangement with HBO Max, but discussions did not succeed. Additionally, this deal coincides with the premiere of South Park's 27th season and follows recent financial adjustments by Paramount, including the cancellation of The Late Show with Stephen Colbert.
Paramount has secured streaming rights for the entire South Park catalog, agreeing to a $1.5 billion deal with creators Matt Stone and Trey Parker for five years.
Previously held by HBO Max, the streaming rights negotiation unfolded after Paramount offered to co-stream with HBO Max, which ultimately fell through.
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