‘South Park’ creators attain $1.5-billion streaming take care of Paramount

The creators of Comedy Central’s “South Park” reached a breakthrough Monday within the tense negotiations over the streaming rights of the long-running satirical cartoon.

Paramount agreed to purchase the worldwide streaming rights for “South Park” to carry the present to the corporate’s digital service, Paramount+, for the primary time within the U.S., based on three individuals near the negotiations who weren’t approved to remark.

The take care of Trey Parker and Matt Stone, by means of their Park County manufacturing firm, values the worldwide streaming rights at $300 million a yr, based on two of the individuals near the settlement, who couldn’t talk about the matter publicly as a result of the deal is just not last.

The five-year deal means the present will fetch $1.5 billion for streaming alone.

The sum preserves the present’s standing as one of many world’s most beneficial TV franchises.

Either side have been motivated to succeed in a deal earlier than Wednesday, when Paramount’s Comedy Central channel kicks off the twenty seventh season of “South Park.”

Paramount additionally needed to keep away from any public relations fiascoes when Stone and Parker take the stage Thursday at fan-fest Comedian-Con in San Diego.

Individually, the 2 sides have been negotiating an total deal for Parker and Stone, to resume their earlier $900-million pact that saved the present on Comedy Central with new episodes by means of 2027. Parker and Stone’s staff are in search of a better valuation with a purpose to produce new seasons.

This can be a growing story.