The price of the Paramount Skydance more than 31% is triggered on Wednesday after it reached an agreement with Tko to issue exclusively over the next seven years and for 7.7 billion dollars the fighting of the Ultimate Fighting Championship (UFC), specialized in mixed martial arts.
In this way, the shares the company were negotiated at $ 14.37, 31.02% more than in the opening and that is added up to 8% registered on Tuesday.
According to a joint statement published on Monday, the association contract will last seven years, to be initiated in 2026, for $ 1.1 billion annually.
This will allow Paramount retransmit the 13 numbered events of the UFC and 30 Fight Nights through the Paramount+platform. Some of these evenings can be broadcast simultaneously in the CBS, owned by Paramount.
As part of the agreement, UFC and Paramount will leave the current model of ‘pay-per-sur‘from UFC to offer these Prémonic events without additional cost to all Paramount+ subscribers that are in the United States. In addition, Paramount will study with the rights of UFC out of the United States as they are available.
