Overview

• TKO president Mark Shapiro said negotiations with Netflix were close but collapsed because the streamer refused to carry UFC’s full event volume and wanted only the monthly pay-per-views.
• The confirmed seven-year, $7.7 billion U.S. deal shifts UFC events to Paramount+ beginning January 2026, with select marquee cards on CBS and no extra pay-per-view charge for subscribers.
• UFC content departs its ESPN+ model, where fans previously paid an additional fee for numbered cards beyond the subscription price.
• Shapiro noted Netflix viewed its WWE Raw commitment as sufficient weekly volume and is prioritizing one-off spectacles, citing recent Crawford–Álvarez and the upcoming Jake Paul–Gervonta Davis boxing events on the service.
• Event cadence for Fight Night cards in 2026 remains uncertain, while Dana White has said post-fight performance bonuses will increase when the new agreement takes effect in January.