‘South Park’ Creators Trey Parker and Matt Stone Ink $1.5 Billion Streaming Deal With Pararmount

The deal was signed ahead of the show's 27th season premiere.

July 22, 2025

Two men with beards stand in front of a brick wall. One wears a cap and hoodie, the other a light sweater.

(Photo by Vivien Killilea/Getty Images)

South Park creators Trey Parker and Matt Stone are about to cross the billion-dollar mark, thanks to a groundbreaking deal with Paramount.

According to a report in the Los Angeles Times, the duo has inked a five-year agreement for the global streaming rights to their long-running animated series valued at a whopping $300 million annually and $1.5 billion in total. The agreement is a game-changer for South Park, as fans will be able to stream regular episodes on Paramount+ in the U.S. for the first time. Variety confirmed that a deal has been reached but Paramount has yet to comment on it.

The deal comes after Parker and Stone were reportedly in the middle of a heated standoff with incoming Paramount president Jeff Shell, whom the creators accused of interfering in previous negotiations with Warner Bros. Discovery and Netflix. According to Hollywood Reporter, a $3 billion decade-long deal was reportedly scrapped amid Paramount’s ongoing sale to Skydance.

The alleged drama had impacted the show, with its Season 27 premiere delayed two weeks, prompting Parker and Stone to issue a clear statement on social media.

“This merger is a shit show and it’s fucking up South Park,” the duo wrote in response to a press release from Comedy Central. “We are at the studio working on new episodes and we hope the fans get to see them somehow.”

Previously, HBO Max held exclusive streaming rights to the series, but that deal expired last month. While Paramount+ has aired several South Park event specials, this new agreement will consolidate the show’s streaming future under the Paramount banner.

In addition to the new deal, Parker and Stone are also renegotiating their broader production deal with Paramount, which currently runs through 2027. Their last overall deal, inked in 2021, was valued at $900 million.

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