'South Park' Finds New Streaming Home on Paramount+ With $1.5 Billion USD Deal

Summary

• Trey Parker and Matt Stone have signed a $1.5 billion USD, five-year deal with Paramount for global streaming rights to South Park
• The agreement includes 10 new episodes per year and marks South Park’s first time streaming exclusively on Paramount in the US
• The deal follows months of tense negotiations, merger complications, and a delayed Season 27 premiere — now set for July 23 on Comedy Central

In a dramatic pivot that reshapes the streaming landscape, South Park creators Trey Parker and Matt Stone have reportedly signed a $1.5 billion USD deal with Paramount, according to a report from the Los Angeles Times. The five-year agreement, valued at $300 million USD annually, grants Paramount the global streaming rights to the long-running animated juggernaut — marking a significant move that pulls the series away from its previous home on HBO Max and places it squarely at the center of Paramount’s streaming strategy.

The deal arrives after months of tense negotiations, stalled premieres, and behind-the-scenes legal threats. According to insiders, the creators initially pitched a 10-year, $3 billion USD pact. But with Skydance Media currently in the process of acquiring Paramount Global, the terms were scaled back. Skydance reportedly balked at the original length and price tag, delaying the agreement and nearly derailing the upcoming season.

Parker and Stone didn’t hide their frustration. As news broke of the Season 27 premiere delay — moved from July 9 to July 23 — the South Park X account shared a blunt statement:

“This merger is a shit show and it’s f*cking up South Park.”

That tension wasn’t just for show. Sources say the pair’s legal team even threatened to sue Paramount and Skydance multiple times during the negotiation process. At one point, incoming Paramount president Jeff Shell was accused of interfering with existing talks between Parker, Stone, and both Netflix and Warner Bros. Discovery.

Under the new agreement, Paramount will become the exclusive US streaming home for all regular South Park episodes, while also restoring the series to international markets where previous licenses had lapsed. Additionally, Parker and Stone will deliver 10 new episodes per year through their production company Park County, separate from their ongoing deal with Comedy Central, which still holds the show’s cable rights through 2027.

The timing is strategic. The show’s 27th season kicks off July 23 on Comedy Central — just days before Parker and Stone appear at San Diego Comic-Con, whereas further announcements are expected.

For Paramount, the acquisition is a major win. South Park is one of the few remaining animated titles with both cultural longevity and a fiercely loyal fanbase. With streaming platforms racing to lock down exclusive IP, this deal positions Paramount as a more serious player in the streaming services—at a time when every subscriber counts.

But with the Skydance merger looming and Parker and Stone still renegotiating their broader creative deal, questions remain about what South Park’s long-term future looks like — and whether the foul-mouthed kids of Colorado can stay afloat amid the chaos of corporate consolidation.