Paramount has been making headlines everywhere as of late between what's going on with its merger with Skydance and The Late Show with Stephen Colbert ending in 2026.

And now? New headlines: Paramount has grabbed the rights to the UFC in a seven-year deal with TKO Group. In 2026, you're going to get streamed UFC fights and broadcasts on CBS.

This is huge news for fight fans who are used to pay-per-views (PPVs) that cost them for every event and bout. So how's this all going to work? Let's help you understand all the fallout from this humongous deal announced on Monday:

What's the UFC Paramount deal?

It's a $7.7 billion deal payment over seven years for their big events and fight nights. That's 30 fight nights and 13 premiere events.

When will the UFC and Paramount deal start?

It's all going into effect in 2026.

What's going to happen to UFC PPV?

Via CNBC, here's a good answer from TKO COO Mark Shapiro. Say goodbye to PPVs:

The pay-per-view model is a thing of the past,” said Mark Shapiro, TKO Group’s president and chief operating officer, in an interview. “What’s on pay-per-view anymore? Boxing? Movies on DirecTV? It’s an outdated, antiquated model. So, it was paramount to us – forgive the pun – where it’s one-stop shopping, especially for our younger fans in flyover states. When they find out, ’Wait, if I just sign up for Paramount+ for $12.99 a month, I’m going to automatically get UFC’s numbered fights and the rest of the portfolio? That’s a message we want to amplify.”

How much is a Paramount Plus subscription?

Paramount+ costs $13 a month if you go the ad-free option and $8 per month with ads.

This article originally appeared on For The Win: Everything to know about the $7.7 billion UFC and Paramount deal

Reporting by Charles Curtis, For The Win / For The Win

USA TODAY Network via Reuters Connect