Paramount will become the exclusive U.S. broadcaster of the Ultimate Fighting Championship from 2026 under a seven-year agreement with TKO Group Holdings worth about $7.7 billion, the companies said on Monday.
The deal will give Paramount+ subscribers access to all 13 numbered UFC events and 30 Fight Nights each year at no extra cost, with select major bouts also airing on CBS. Paramount, owned by Skydance, said it could seek UFC rights in other markets when available.
“Live sports continue to be a cornerstone of our broader strategy,” said David Ellison, chairman and CEO of Paramount, describing UFC as a “global sports powerhouse.”
Paramount will pay an average of $1.1 billion annually to TKO Group for the rights, one of the most valuable packages in combat sports, marking a major shift from UFC’s traditional pay-per-view model.
Shares of Paramount rose 4.2% in premarket trading following the announcement, which comes just days after Paramount Global and Skydance Media completed their $8.4 billion merger. The deal strengthens the company’s streaming ambitions as competition for live sports heats up, with rivals such as Netflix and Disney also striking high-profile rights agreements, including for WWE.
UFC stages about 43 live events a year, attracting roughly 100 million fans in the US and reaching nearly 950 million broadcast and digital households worldwide.
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Hermès menswear designer Véronique Nichanian presented her final collection on Saturday at Paris Fashion Week, ending nearly four decades in the role as she prepares to hand over to British designer Grace Wales Bonner.
Almost 4,000 flights were cancelled across the United States on Saturday as a monster winter storm threatened to paralyse the eastern states with heavy snowfall, sleet and freezing rain, while utilities from Texas to the Midwest faced power outages.
U.S. President Donald Trump has said he will not attend the National Football League’s Super Bowl on 8 February, citing the distance to the venue as the main reason.
Russia’s Defence Ministry said its forces had taken control of the village of Starytsya in Ukraine’s Kharkiv region on Saturday, near the border town of Vovchansk. Kyiv’s military did not confirm the claim, while Russian forces also reported strikes on drone and energy sites.
Firefighters were clearing the charred ruins of a Karachi shopping mall in Pakistan on Tuesday (20 January) as they searched for people still missing after a fire that burned for nearly two days and killed at least 67 people, police said.
Iran will treat any military attack as an “all-out war,” a senior Iranian official said on Friday, as the United States moves additional naval and air assets into the Middle East amid rising tensions.
Trilateral negotiations between Ukraine, Russia and the U.S. entered a second day in Abu Dhabi on Saturday, following an initial round of talks described by officials as productive.
In the snowy peaks of Davos, where the world’s most powerful leaders gather for the 56th World Economic Forum, a new narrative is emerging that challenges the current dominance of artificial intelligence (AI).
"When the rules no longer protect you, you must protect yourself,” Canadian Prime Minister Mark Carney said in Davos on Tuesday (20 January), a speech that resonated at home and heightened tensions with U.S. President Donald Trump, who later withdrew Canada’s invitation to the Board of Peace.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
Global markets are rattled after U.S. President Donald Trump threatened new tariffs on eight European countries over Greenland, sending the euro to a seven-week low and raising concerns about renewed transatlantic trade tensions.
Hong Kong and Shanghai will sign a memorandum of understanding next week to establish a cross-border gold trade clearing system, a move aimed at boosting Hong Kong’s role as an international gold trading hub, Financial Secretary Paul Chan said.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
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