Oracle is engaged in discussions with Skydance Media regarding a potential $100 million per year cloud software deal contingent upon Skydance's acquisition of Paramount Global. This agreement would enable Paramount to utilize Oracle's cloud services following the merger. Separately, the creators of the animated series "South Park," Trey Parker and Matt Stone, have secured a five-year global streaming rights deal with Paramount valued at $1.5 billion. This arrangement includes streaming rights in the United States for the first time and will see Paramount paying $300 million annually over the contract period to feature "South Park" on its Paramount+ platform.
South Park creators Trey Parker & Matt Stone have signed a 5-year global streaming deal with Paramount for $1.5 billion. (Via @Variety) https://t.co/8HQxNY46tf
Sources: Paramount will pay $300M a year for five years to bring global streaming rights for South Park to Paramount+, including US rights for the first time (@megjameslat / Los Angeles Times) https://t.co/fSbdp9Pupe https://t.co/fdek7mqfSz
'South Park' creators reach $1.5 billion streaming deal with Paramount, LA Times reports https://t.co/f5JyF7D5qi