The creators of the long-running satirical cartoon South Park, Trey Parker and Matt Stone, have reached a major deal with Paramount to bring the show to the streaming service Paramount+ in the US for the first time.
The agreement, valued at $300 million per year over five years, is estimated to be worth $1.5 billion. It covers the global streaming rights to South Park and includes production of 10 new episodes annually.
This deal marks the end of South Park’s previous licensing arrangement with HBO Max, which expired at the end of June. Paramount had previously tried to negotiate a shared licensing deal with Warner Bros. Discovery, HBO Max’s parent company, but those talks fell through.
South Park originally aired on Comedy Central and has been one of the network’s most valuable franchises. Paramount was eager to bring the show back to its own streaming platform, Paramount+, especially as it prepares for a sale to Skydance Media.
The negotiations were complex, influenced by Paramount’s pending sale and efforts to renew Parker and Stone’s existing $900 million contract to produce new episodes through 2027. The creators initially sought a 10-year streaming deal, but a five-year agreement was reached instead.
The deal preserves South Park’s status as a major player in television and streaming, ensuring its continued production and availability on Paramount+.
