‘South Park’ Strikes $1.5B Streaming Deal to Move Entirely to Paramount+: Report

South Park South Park. Credit: South Park Studios


Stan, Kyle, Cartman and Kenny are heading back to their corporate home.

The creators of South Park have reached a massive $1.5 billion streaming deal with Paramount, the Los Angeles Times reports. The agreement gives Paramount+ exclusive US rights to stream the long-running animated comedy and ends months of high-stakes negotiations.

The five-year deal means South Park will leave HBO Max, where it had been streaming since 2019, and land fully on Paramount+ for the first time. That previous licensing arrangement had kept the show off Paramount’s own platform—an awkward move made before the streaming service had fully launched.

Under the new agreement, co-creators Trey Parker and Matt Stone will continue producing 10 new episodes each year through their Park County production company. The deal not only secures the show’s future on Paramount+ but reaffirms South Park’s status as one of television’s most valuable franchises.

The timing was crucial: South Park’s 27th season debuts Wednesday, July 23, on Comedy Central, and Parker and Stone are set to appear at San Diego Comic-Con this week. Paramount, currently navigating a pending sale to Skydance Media, was eager to avoid any last-minute chaos.

Paramount and the creators split streaming profits through a joint venture called South Park Digital Studios, which should help the company recoup a significant chunk of the licensing cost over time.

After nearly three decades of irreverent satire, it seems South Park isn’t just sticking around—it’s getting paid.

Click here to read the full report from the Los Angeles Times.

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