South Park' creators Trey Parker and Matt Stone reach $1.5 billion streaming deal with Paramount

Both sides were motivated to reach a deal before Wednesday, when Paramount's Comedy Central channel kicks off the 27th season of "South Park." The premiere date had already been postponed once amid behind-the-scenes drama as Paramount prepares to be sold to David Ellison's Skydance Media.

Paramount and Skydance also wanted to avoid any public relations fiascoes when Stone and Parker take the stage Thursday at fan-fest Comic-Con in San Diego.

The deal with Trey Parker and Matt Stone, through their Park County production company, values the global streaming rights at $300 million a year, according to two of the people close to the agreement, who could not discuss the matter publicly because the deal is not final.

The five-year deal means the show will fetch $1.5 billion for streaming alone.
The sum preserves the show's status as one of the world's most valuable TV franchises.

As part of the deal, Park County agreed to produce 10 episodes a year.

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Paramount was eager to bring the cartoon home. In 2019, previous corporate managers licensed "South Park" to rival HBO Max as Paramount's streaming service was still in development. But that decision left Paramount+ out in the cold — much like the fictional mountain town of South Park, Colo.

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