In a revolutionary move that will upend the streaming industry, the producers of South Park, Trey Parker and Matt Stone, have reached a $1.5 billion streaming arrangement with Paramount. According to The LA Times, the entertainment conglomerate has agreed to buy the global streaming rights to the animated series in order to make it available on its digital platform, Paramount+.

The outlet reports that the international streaming rights for South Park are worth $300 million annually, according to two people familiar with the arrangement. The program will generate $1.5 billion in streaming revenue under the five-year deal. Ten episodes a year will be produced by Parker and Stone's production firm, Park County, as part of the deal.

What makes the transaction so crucial to Paramount?

Paramount has always desired to bring South Park back home. The show was licensed to HBO Max by former business managers in 2019, when Paramount's streaming service was still in its infancy. This year, in June, the agreement came to an end.

Paramount proposed co-licensing the program with HBO Max and its parent company, Warner Bros. Discovery, in order to give the sitcom a platform on two streaming services. But over the weekend, talks with Warner Bros. Discovery fell apart, and Paramount chose to go it alone.

Park County is entitled to receive approximately half of the show's streaming revenue via South Park Digital Studios, a partnership with Paramount, under a 2007 agreement. Eventually, according to the income-sharing agreement, Paramount should be able to recoup about half of the licensing money it paid for the streaming rights.

South Park's position as a mainstay of modern television was solidified by the agreement with Paramount, signaling a new age for the show. The show is anticipated to provide fresh material, cutting-edge initiatives, and unparalleled access to its legendary cast.

FAQs:

1. What is South Park?

Trey Parker and Matt Stone are the brains behind the American adult animated comedy series South Park.

2. The plot of South Park is as follows:

The narrative of the program takes place in the fictitious Colorado hamlet of South Park and centers around the exploits of four young males: Eric Cartman, Kenny McCormick, Kyle Broflovski, and Stan Marsh.

3. What is the release date for the upcoming season of South Park?

On July 23, Comedy Central will broadcast the premiere of South Park Season 27.

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