Paramount Global logo is seen in this illustration taken December 17, 2024. REUTERS
(Reuters) – “South Park,” the animated comedy featuring foul-mouthed children, has reached a $1.5 billion streaming deal with Paramount (PARA.O), the LA Times reported on Monday.
Paramount has agreed to acquire the global streaming rights for “South Park” in a deal aimed at bringing the show to its digital platform, Paramount+, the report said, citing people familiar with the negotiations.
The deal with the show’s creators, Trey Parker and Matt Stone, through their Park County Production company, values the global streaming rights at $300 million annually, the report said, adding that the five-year deal would bring the show $1.5 billion from streaming alone.
The news comes just ahead of Comedy Central’s premier of the 27th season of “South Park” on Wednesday.
South Park” premiered on Comedy Central, a network owned by Paramount, in August 1997.
Reporting by Gursimran Kaur in Bengaluru; Editing by Sherry Jacob-Phillips
