The meet and greet was at UFC 306 at the Sphere in Las Vegas nearly a year ago. In the luxury box of TKO Holdings, which owns UFC and WWE, were media luminaries: Amazon’s Jeff Bezos, Disney’s Bob Iger and the future leader of Paramount, David Ellison, CEO of Skydance.

If cable and satellite subscribers already get ESPN+, they will automatically migrate to the new service. For cord cutters, there is an offer where they can get the ESPN unlimited plan with Disney+ and Hulu for $29.99/month for the first 12 months.

That means fans who are used to occasionally forking out for a pay-per-view UFC fight will have to consider a Paramount Plus subscription instead. All UFC events will be included in Paramount Plus subscriptions.

Skydance-owned Paramount will become the exclusive U.S. home of Ultimate Fighting Championship under a seven-year streaming deal valued at about $7.7 billion, the first major strategic move by the newly merged media giant under new CEO David Ellison.

Paramount signed a seven-year deal with TKO Group Holdings that will put 13 marquee events and 30 fight nights on streaming platform Paramount+. Some of the matches will air on broadcast TV network CBS.

The fights will be streamed live for Paramount subscribers without any additional paywalls, bucking the pay-per-view model ESPN+ has utilized in the past. The Disney-owned streamer’s deal with TKO Group,

Skydance-owned Paramount will become the exclusive U.S. home of Ultimate Fighting Championship under a seven-year media rights deal valued at about $7.7 billion, marking the first major strategic move by the merged media giant under new CEO David Ellison.

Paramount Skydance announced a seven-year media rights agreement in which Paramount+ will become the exclusive home of all UFC events in the U.S. -- pulling the mixed martial arts events from ESPN.