South Park creators reach whopping $2.3 billion streaming deal

South Park’s creators have reached a five-year streaming agreement – and they’ll earn billions for making just a few episodes a year.

South Park creators Trey Parker and Matt Stone have reached a five-year agreement with Paramount to stream the show on its Paramount+ service – and the deal is reportedly worth more than a billion dollars.

According to the LA Times, the streamer will house the fan-favourite animation for $US300 million ($460 million) per year for five years, earning Park County – Parker and Stone’s company – a total of $US1.5 billion ($2.3 billion).

The whopping amount maintains the satirical cartoon’s status as one of the world’s most valuable TV franchises of all time.

South Park creators Trey Parker (left) and Matt Stone have negotiated a deal to house the series on Paramount+ for five years, worth $460 million per year. Picture: Kevin Winter/Getty Images

As part of the deal, which is still being finalised, Park County agreed to produce 10 new episodes of South Park a year, giving fans of the long-running Comedy Central series plenty to look forward to beyond Season 27, which premieres this week.

The premiere date had already been delayed for two weeks as the licensing-deal negotiations were complicated by Paramount’s pending sale to US media company Skydance.

The LA Times reports that South Park creators were looking for a decade-long deal for the show, but Skydance – the company that will merge with Paramount – did not favour this option.

Earlier this month, Parker and Stone expressed their frustrations over the licensing battle, saying in a statement that it was damaging their series.

A per the deal, there will be 10 new episodes of South Park per year, so expect to see more antics from Kenny, Cartman, Stan and Kyle.

“This merger is a sh**show and it’s f***ing up South Park,” they wrote in a statement posted on X.

“We are at the studio working on new episodes, and we hope the fans get to see them somehow.”

According to The Hollywood Reporter, in June the duo also threatened legal action against incoming Paramount president Jeff Shell for allegedly interfering in contract negotiations with potential streamers, such as Warner Bros. Discovery and Netflix.

South Park first debuted on 1997 and has since released more than 300 episodes

But the high-stakes negotiations were soon back on track, with Paramount agreeing to a five-year term rather than a 10-year deal proposed by Parker and Stone. Skydance signed off on the transaction.

In addition, Parker and Stone are in talks to renew their previous $US900 million ($1.3 billion) deal to keep the show on US cable channel Comedy Central through to 2027.

South Park first debuted on 1997 and has since released more than 300 episodes.

The series has also won a slew of awards, including five Emmys for Outstanding Animated Program.

Originally published as South Park creators reach whopping $2.3 billion streaming deal