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South Park creators Trey Parker and Matt Stone signed an enormous deal Thursday to make 14 films of their enduring satirical cartoon for streaming service Paramount+, as Hollywood’s frenzied scramble for on-line content material accelerates.
Whereas MTV Leisure Studios – which like Paramount+ is owned by dad or mum company ViacomCBS – didn’t launch any monetary figures, Bloomberg Information put the deal at $900 million (roughly Rs. 6,675 crores), which might make it one of many largest in tv historical past.
The Paramount+ streaming platform launched in March within the US in a bid to compete in a crowded and content-hungry market led by the likes of Netflix, Disney+, and Amazon Prime.
In a press release, MTV Leisure’s Chris McCarthy mentioned creating new content material with “super expertise like Matt and Trey, is on the coronary heart of our technique to proceed rising Paramount+.”
The deal additionally contains a number of new collection of South Park for tv community Comedy Central, which is able to see the long-running satire attain its thirtieth 12 months by 2027.
South Park, set in small-town America and recognized for crude language and lampooning hot-button social points since 1997, has already spawned one movie, a number of video video games, and different merchandise.
“Comedy Central has been our house for 25 years and we’re actually completely satisfied that they’ve made a dedication to us for the following 75 years,” mentioned Parker and Stone within the joint assertion.
“We will not wait to get again to doing conventional South Park episodes however now we will additionally check out new codecs,” they added.
Whereas ViacomCBS didn’t instantly touch upon the $900 million (roughly Rs. 6,675 crores) determine, it could put the deal on a par with Reese Witherspoon’s sale of her Hey Sunshine firm to a brand new personal equity-backed media enterprise this week.
It additionally comes after Amazon in Might agreed to purchase MGM studios for $8.45 billion (roughly Rs. 61,500 crores).
Different streaming platforms lately launched by main media and tech firms to affix the so-called “streaming wars” embody HBO Max, Peacock, and Apple TV+, every looking for huge content material libraries to draw and retain subscribers.
ViacomCBS mentioned Wednesday that it had reached 42 million streaming subscribers. Present market chief Netflix has greater than 200 million.
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