“South Park” creators Trey Parker and Matt Stone have resolved their dispute with Paramount over the worldwide streaming rights to “South Park,” reaching a deal value $1.5 billion that can carry the present to Paramount+ in the USA, the Los Angeles Instances reported Monday.
Amongst different issues, the settlement made by way of Parker and Stone’s Park County, will carry “South Park” to Paramount+ in the USA for the primary time, in addition to restoring the present to the streaming service in a number of international international locations after being pulled from them final week.
The worth of these streaming rights is ready at $300 million a yr over a 5-year interval, based on LA Instances.
The battle over streaming rights to the present escalated in June when Parker and Stone, who function South Park Digital Studios, proprietor of the present’s streaming rights, accused Jeff Shell, the Redbird Capital government who is ready to develop into the following president of Paramount ought to the take care of Skydance shut, of sabotaging streaming offers with different corporations.
In a June 21 letter obtained by TheWrap, counsel for Parker and Stone’s leisure firm, Park County, accused Shell of directing Netflix and Warner Bros. Discovery to change their offers in a “method calculated to profit Paramount on the expense” of Park County. Particularly, the letter alleged that Shell requested Warner Bros. Discovery to grant Paramount+ an unique 12-month window for brand spanking new episodes, in addition to shorten the deal from 10 to 5 years.
On July 11, “South Park” was pulled from Paramount+ exterior of the U.S. because the streamer’s license to stream the sequence internationally expired.
Extra to come back…
