logo
UFC moving to Paramount next year in $7.7 billion rights deal

UFC moving to Paramount next year in $7.7 billion rights deal

USA Today4 hours ago
On the heels of its megamerger with Skydance Corporation, Paramount has announced a seven-year, $7.7 billion deal to bring UFC to CBS.
The agreement, announced Monday, Aug. 11, will give CBS and streaming service Paramount+ exclusive rights to broadcast 30 UFC Fight Nights and 13 marquee events each year, beginning in 2026.
The deal doubles the annual value of UFC's current U.S. rights deal with ESPN+, according to Sportico, and it signals the end of the existing pay-per-view model currently in effect.
"Live sports continue to be a cornerstone of our broader strategy – driving engagement, subscriber growth, and long-term loyalty," Paramount's new CEO David Ellison said in a statement.
The deal also paves the way for an anticipated UFC event at the White House next July, which President Donald Trump has previously said was part of his plans for an elaborate celebration of the nation's 250th birthday in 2026.
Ellison and Trump have been seen together at several recent UFC matches.
Meanwhile, ESPN won't be left out in the cold when it comes to combat sports.
Starting in 2026, the network will take over as the exclusive U.S. home for WWE's marquee events such as "Wrestlemania," "Summer Slam" and "Royal Rumble" under a new five-year deal. Those rights had been held by NBCUniversal, which streamed the matches on Peacock.
Those events will be available on ESPN's new soon-to-launch streaming service, with some potentially simulcast on ESPN's linear outlets.
WWE and UFC both share the same parent company, TKO Sports.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dana White's Contender Series 77 faceoff highlights video, photo gallery from Las Vegas
Dana White's Contender Series 77 faceoff highlights video, photo gallery from Las Vegas

Yahoo

time16 minutes ago

  • Yahoo

Dana White's Contender Series 77 faceoff highlights video, photo gallery from Las Vegas

LAS VEGAS – The pre-fight activities are in the books for Dana White's Contender Series 77 following Monday's official weigh-ins and faceoffs. For the first event of the season, 10 fighters will vie for UFC contracts in their fights, including middleweights Ilian Bouafia (6-0) and Neemias Santana (7-2-1), who headline the show. At the conclusion of the official weigh-ins, the fighters came face to face for staredowns. Check out the highlights in the video above and a photo gallery from the weigh-ins and faceoffs below. Dana White's Contender Series 77 takes place Tuesday and streams on ESPN+. This article originally appeared on MMA Junkie: DWCS 77 faceoff highlights video, photo gallery from Las Vegas

Diane Francis: Trump sets his sights on the banking industry
Diane Francis: Trump sets his sights on the banking industry

Yahoo

time16 minutes ago

  • Yahoo

Diane Francis: Trump sets his sights on the banking industry

Last week, U.S. President Donald Trump signed an executive order that aims to prevent banks from discriminating against customers because of their politics, religion or 'lawful business activities,' such as owning crypto assets. He told CNBC that in years past, JPMorgan Chase and other banks have 'discriminated against me very badly, and I was very good to the banks.' Apparently, such complaints are not uncommon. 'Conservatives have said that regulators appointed by President Joe Biden spent past years conscripting banks to target Trump's political opponents. Tech investor and Trump adviser Marc Andreessen had said about 30 founders of tech start-ups were 'de-banked.' He called the project 'Operation Chokepoint 2.0.,' ' read a recent report in the Washington Post. In an attempt to prevent increased scrutiny from the federal government, many banks have increased their lobbying and updated their policies to make it clear that they don't discriminate on the basis of politics or religion. But financial institutions will face future scrutiny. While this is an American initiative, it will affect Canadian banks because of their extensive operations south of the border. Canada's five biggest companies are all banks based in Toronto. Many of them own branches and extensive in assets south of the border. It's hard to believe that there would be a concerted top-down initiative to de-bank customers purely based on politics, but in America's deeply polarized society with its localized banks, this would not be surprising. Moreover, their restrictions on financial and tech startups is understandable and began because two banks specializing in crypto — Silvergate and Signature — went bust in 2023, according to the Washington Post. They failed because they didn't appropriately manage the risks, said Steven Kelly, former associate director of research at the Yale Program on Financial Stability. But Trump's fight with banks that allegedly discriminate against the cryptocurrency industry is also political, as he intends to make America the world's crypto capital. Trump's crypto business has boomed and is worth billions. Currently, Canadian banks are gun-shy about crypto, but they may now be forced to start dealing with crypto startups, at least in the U.S. However, Canada's foreign ownership restrictions may prove to be an a bigger challenge, for both Ottawa and the Big Five banks. Trump has publicly, and incorrectly, claimed that Canadian restrictions mean that American banks are forbidden from operating in Canada. 'Canada doesn't allow American Banks to do business in Canada, but their banks flood the American Market. Oh, that seems fair to me, doesn't it?' Trump wrote on social media in March. That's untrue. There are 16 U.S.-based bank subsidiaries operating in Canada with billions in assets, according to the Canadian Bankers Association. But American banks operating in Canada are heavily regulated and somewhat restricted when it comes to providing retail banking services to consumers. It seems clear that Trump wants to eliminate all barriers to entry so that American banks can directly compete in Canada against local banks and offer the same services that Canadian banks provide. So stay tuned. Trump has never let the facts get in the way of a policy. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store