After canceling Colbert for ‘financial’ reasons, Paramount pays $1.5 billion for South Park streaming rights

South Park creators Matt Stone and Trey Parker (Credit: Taylor Hill—WireImage)

• Paramount has locked up streaming rights for the entire South Park back catalog. The media company and creators Matt Stone and Trey Parker have signed a five-year deal worth $1.5 billion. HBO Max was the previous streaming home to the show.

Paramount has wrapped up long-running negotiations that will bring the entirety of the South Park catalog to its Paramount+ streaming service, but it’s going to cost them.