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Paramount Skydance Strikes $7.7 Billion UFC Deal

1. Paramount Skydance becomes exclusive UFC distributor in a $7.7 billion deal. 2. TKO shares surged over 7% following the announcement of the partnership. 3. Paramount will stream 13 marquee events and 30 Fight Nights on Paramount+. 4. The deal replaces UFC’s previous pay-per-view model, enhancing accessibility. 5. CEO Mark Shapiro anticipates long-term growth opportunities through this partnership.

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FAQ

Why Very Bullish?

The exclusive distribution deal significantly boosts TKO's revenue potential, similar to historical media partnerships in sports enhancing stock values.

How important is it?

The significant financial commitment from Paramount and the strategic nature of the partnership likely positions TKO for substantial long-term growth.

Why Long Term?

The seven-year contract suggests sustained revenue growth for TKO, paralleling past successful long-term media agreements that bolstered stock prices.

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