Paramount just paid Trey & Matt $1.5 billion for streaming & 50 new episodes over 5 years

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The creators of Comedy Central’s “South Park” reached a breakthrough Monday in the tense negotiations over the streaming rights of the long-running satirical cartoon.

Paramount agreed to buy the global streaming rights for “South Park” to bring the show to the company’s digital service, Paramount+, for the first time in the U.S., according to three people close to the negotiations who were not authorized to comment.

The deal with Trey Parker and Matt Stone, through their Park County production company, values the global streaming rights at $300 million a year, according to two of the people close to the agreement, who could not discuss the matter publicly because the deal is not final.

The five-year deal means the show will fetch $1.5 billion for streaming alone.

The sum preserves the show’s status as one of the world’s most valuable TV franchises.

As part of the deal, Park County agreed to produce 10 episodes a year.

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