Paramount buys UFC rights in $7.7 billion, 7-year deal in first major move post-Skydance merger

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Days after completing its merger with Skydance, Paramount

has acquired the U.S. rights to TKO Group’s

UFC for seven years, beginning in 2026.

Paramount is paying an average of $1.1 billion per year, totaling $7.7 billion, for UFC’s full slate of 13 marquee events and 30 “Fight Nights,” the companies said in a statement. All matches and events will be streamed in the U.S. via Paramount+, and select events will be simulcast on CBS. The deal payments are weighted, with Paramount paying less than $1.1 billion in the early years of the deal and higher values later.