Paramount CBS was initially set to take half of UFC’s broadcast rights in the form of 30 Fight Night cards. But the deal grew following the closure of a merger between Skydance and Paramount. In 48 hours, an agreement for rights to all of UFC’s events was struck, bucking the assumption that UFC would remain with ESPN or move to Netflix.

On the heels of WWE signing a mega-money deal with ESPN, TKO announced Monday it reached a gigantic agreement with Paramount+ to broadcast UFC events starting in 2026. Ariel Helwani reported the deal is worth $7.7 billion over seven years.

"CBS Mornings" parent company Paramount has secured U.S. TV rights to UFC in a $7.7 billion deal. MoneyWatch correspondent Kelly O'Grady reports on what the move means for the league and its fans.