It didn’t take long for David Ellison, the fresh-faced millennial owner and CEO of Paramount Skydance, to make a statement. Just five days after the merger between Paramount and Skydance closed, the scion of Oracle’s Larry Ellison reached into his deep pockets to acquire seven years of broadcast

The seven-year deal, beginning in 2026, was the first major deal struck by Paramount after it finalized its merger with Skydance.

Under the seven-year deal, UFC fights will be streamed on Paramount+ and select bouts will be simulcast on CBS.