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Paramount Secures Exclusive UFC Rights in $7.7 Billion Deal, Phasing Out U.S. PPV

The seven-year pact ends U.S. PPV by shifting all events to Paramount+ subscriptions; key terms on fighter pay, broadcast windows, a proposed July 4 White House show remain in flux.

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Donald Trump recibe como ofrenda el cinturón de campeón de los pesados de la UFC de parte del luchador Jon Jones, durante una velada en el Madison Square Garden, en Nueva York, en 2024
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Overview

  • The seven-year contract, valued at $7.7 billion, shifts U.S. rights for all UFC programming to Paramount+ with select simulcasts on CBS from 2026.
  • Paramount+ subscribers will access every UFC event at no extra cost, marking the end of the U.S. pay-per-view model.
  • TKO Group’s shares rose nearly 8% following the announcement, while Paramount’s stock declined about 2.4%.
  • Paramount has signaled plans to pursue UFC rights outside the United States as those markets become available.
  • Negotiations are ongoing over fighter compensation tied to former PPV buy rates, broadcast scheduling and logistics for a planned July 4, 2026 White House event.