Paramount gets UFC streaming rights in U.S. with $7.7B deal

Skydance-owned Paramount will become the exclusive U.S. home of Ultimate Fighting Championship under a seven-year streaming deal valued at about $7.7 billion US, the first major strategic move by the newly merged media giant under new CEO David Ellison.

Starting next year, Paramount+ will carry the complete U.S. slate of 13 numbered UFC events and 30 Fight Nights. UFC, owned by TKO Group Holdings, will also have select numbered cards simulcast on Paramount's CBS broadcast network, the companies announced on Monday.

The deal builds on Ellison's commitment to increase investment in high-quality exclusive content, which he had called the "single biggest driver of subscriber growth."

Sports content, especially rights to live events, has become the cornerstone of media strategy as cord-cutting accelerates, with rivals such as Netflix and Disney also striking similar deals to strengthen their offerings.

Netflix secured a $5-billion, 10-year global deal for WWE Raw from 2025 and added two NFL Christmas Day games. Disney's ESPN extended rights with the NFL, NHL, MLB and College Football Playoff.

"The addition of UFC's year-round must-watch events to our platforms is a major win," Ellison said, calling UFC a "global sports powerhouse."

The company will pay an average of $1.1 billion a year and include events at no extra cost to subscribers, shifting away from UFC's traditional pay-per-view model. It also said it may seek UFC rights in other markets as they come up for bidding.

While Canadians can subscribe to Paramount+, it's unclear whether they'll be able to watch UFC fights on that platform. Sportsnet has held exclusive rights to UFC live events in Canada since 2024.

CBC News has reached out to Rogers, which owns Sportsnet,