Paramount Skydance (PSKY) Gets 11% Boost from $7.7-Billion Exclusive UFC Deal

We recently published 10 Stocks on Euphoria. Are You Holding Any? Paramount Skydance Corp. (NASDAQ:PSKY) is one of the best-performing stocks on Tuesday.

Paramount Skydance ended 8.4 percent higher on Tuesday after rallying as much as 11.5 percent at intra-day trade, with investor sentiment fueled by its bagging of $7.7-billion exclusive media rights to the Ultimate Fighting Championship (UFC).

In a statement, Paramount Skydance Corp. (NASDAQ:PSKY) said it entered into an agreement with TKO Group Holdings, Inc., a premium sports and entertainment company, to exclusively air UFC for seven years beginning in 2026.

The deal would include UFC’s full slate of 13 marquee numbered events and 30 Fight Nights through its direct-to-consumer streaming platform, Paramount+, with select numbered events to be simulcast on CBS.

As part of the agreement, Paramount Skydance Corp. (NASDAQ:PSKY) will move UFC away from the existing Pay-Per-View model and make the latter available at no additional cost to Paramount+ subscribers in the US. It also intends to explore UFC rights outside the US in the future.

Paramount Skydance (PSKY) Gets 11% Boost from $7.7-Billion Exclusive UFC Deal

UFC is the world’s premier mixed martial arts (MMA) organization. In the US alone, UFC has approximately 100 million fans who are highly engaged across linear, digital, and social platforms.

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