Paramount Global and Park County Extend Overall Deal

South Park Digital Studios and Paramount+ Enter Into Exclusive License

Five Year Extension Includes Both the Current Season and the Library for Paramount+ Globally

NEW YORK, July 23, 2025 -- Paramount Global (NASDAQ: PARA, PARAA), Park County and South Park Digital Studios today announced an expansive renewal with South Park co-creators Trey Parker and Matt Stone for five years, including 50 new episodes, all 26 previous season episodes and extending South Park on Comedy Central and Paramount+ around the world.

In addition, for the first time ever, Paramount+ will become the U.S. home for the South Park library and all new episodes kicking off with the new season debuting on Comedy Central today and Paramount+ tomorrow.

Comedy Central's South Park launched on August 13, 1997. Trey Parker and Matt Stone are the co-creators of South Park. Parker, Stone, Anne Garefino and Frank C. Agnone II are the Executive Producers of the Emmy(R) and Peabody(R) Award-winning South Park. Eric Stough, Adrien Beard, Bruce Howell, and Vernon Chatman are Producers. Christopher Brion is the Creative Director of South Park Digital Studios.

"Matt and Trey are singular, creative forces whose fearless humor and boundary pushing storytelling have made South Park one of the most beloved and enduring series ever - more popular today than at any point in its history, and one of the most valuable TV franchises in the world," said Chris McCarthy, Co-CEO of Paramount Global and President of Showtime/MTV Entertainment. "They are exceptional talents and trusted partners - we're thrilled that Comedy Central and now Paramount+ globally will be the home to South Park for years to come and our thanks to the Skydance team for their vital partnership in making this happen," added McCarthy.

"Trey and I and the whole South Park crew are grateful for this extension and this deal. We want to thank Chris McCarthy and Keyes Hill-Edgar for years of great partnership and are looking forward to continuing to make South Park for the next five years," said Matt Stone.

Added Trey Parker, "We are grateful for this opportunity and deeply honored by the trust placed in us. This is about more than a contract - it's about our commitment to this organization, our teammates, and our fans. We're focused on building something special and doing whatever it takes to bring championships to this city."

SOUTH PARK DIGITAL STUDIOS

South Park Digital Studios is a joint venture between Paramount Global and Park County, the entertainment company founded by Trey Parker and Matt Stone. South Park Digital Studios is an animation and development studio dedicated to creating and managing streaming, social and interactive for South Park. South Park is a registered trademark of Comedy Partners, a wholly-owned unit of Paramount Global.

PARK COUNTY

Park County is a multi-platform entertainment company founded by Trey Parker and Matt Stone in 2012. Keith Pizzi serves as Chief Executive Officer and Afshin Beyzaee serves as General Counsel for Park County. In addition to South Park and The Book of Mormon, Park County produces films, develops technology via Deep Voodoo, and operates the iconic themed restaurant, Casa Bonita. Check out our lunch specials on Tuesdays and Wednesdays.

PARAMOUNT GLOBAL

Paramount (NASDAQ: PARA; PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. The company holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, Paramount provides powerful capabilities in production, distribution and advertising solutions. For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms. PARA-IR