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Paramount Announces Landmark Media Rights Agreement With Zuffa Boxing

09/29/2025

Paramount+ will become the exclusive home of Zuffa Boxing throughout the U.S., Canada, and Latin America.

LOS ANGELES, CA and NEW YORK, NY – SEPTEMBER 29, 2025 – Paramount, a Skydance Corporation, (“Paramount”) (NASDAQ: PSKY) and TKO Group Holdings, Inc. (“TKO”) (NYSE: TKO), a premium sports and entertainment company, today announced a long-term media rights agreement in which Paramount+ will become the exclusive home of Zuffa Boxing throughout the U.S., Canada, and Latin America.

Zuffa Boxing is the new professional boxing promotion formed by TKO and leading entertainment conglomerate Sela, with leadership from UFC President and CEO Dana White; HE Turki Alalshikh, Chairman of the General Entertainment Authority and President of the Saudi Boxing Federation; Sela Managing Director and CEO Dr. Rakan Alharthy; and WWE President and TKO Board Member Nick Khan.

Beginning in January 2026, Paramount will exclusively distribute a full slate of Zuffa Boxing events starting with 12 action-packed cards, with plans to grow that number in subsequent years. The bouts will be available via Paramount’s direct-to-consumer streaming platform Paramount+, with the potential for select events to be simulcast on CBS, America’s leading broadcast network, and other Paramount platforms.

Dana White commented: “I’m excited to bring great boxing events to a global audience. There are millions of boxing fans that will now be able to watch competitive fights with up-and-coming boxers as well as the biggest stars in the sport. Paramount will be the home for UFC and boxing fans to watch the greatest fights in combat sports.”

HE Turki Alalshikh said: “This partnership with Paramount reinforces our vision to redefine the way viewers consume boxing. More fight fans will now have access to watch some of the most exciting boxers around. We have seen the proof that the appetite is there, this is the future for live boxing coverage and will ensure the sport continues to thrive.”

Said Cindy Holland, Chair of Direct-to-Consumer for Paramount, a Skydance Corporation: “Paramount has long been a leader in sports and sports storytelling, and this partnership marks a bold new chapter – not just for us, but for the future of boxing. It’s a partnership that advances several of our core priorities: delivering premium sports to fans, providing audiences with year-round marquee live events, and creating long-term value through a differentiated, must-watch portfolio of content. By combining TKO and Zuffa Boxing’s world-class production and promotional capabilities with our subscribers’ passion for sports, we are confident we will deliver something truly special to boxing fans throughout the U.S., Canada, and Latin America for years to come.”

Further details about Zuffa Boxing, including fight schedules and the first event to be live streamed on Paramount+, will be announced in the months ahead.

# # #

About Paramount, a Skydance Corporation

Paramount, a Skydance Corporation (Nasdaq: PSKY) is a leading, nextgeneration global media and entertainment company, comprised of three business segments: Filmed Entertainment, Direct-to-Consumer, and TV Media. The Company's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS – America's most-watched broadcast network, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance's Animation, Film, Television, Interactive/Games, and Sports divisions. For more information, please visit www.paramount.com.

About Zuffa Boxing

Zuffa Boxing is a joint venture between TKO Group Holdings, Inc. (“TKO”) (NYSE: TKO) and Sela, the entertainment conglomerate. TKO serves as managing partner, providing day-to-day operational expertise, management, and oversight of the promotion, with executive leadership anchored by UFC President and CEO Dana White and WWE President and TKO Board Member Nick Khan. The promotion aims to reimagine the sport of boxing by evolving the current model to restore the sport’s rightful place in the forefront of the global sports ecosystem. For more information, follow @Zuffa_Boxing on X; and @ZuffaBoxing on Snapchat, Instagram, Threads, and TikTok.

About Sela

Founded in 1997, Sela is a Saudi Arabian company specializing in creating, constructing, and operating unique destinations and recreational experiences across sports, entertainment, culture, and hospitality sectors. Initially recognized as Saudi Arabia’s first FIFA-recognized athletes’ representation company, Sela expanded into sports marketing

and has since diversified into broader recreational industries.

About TKO

TKO Group Holdings, Inc. (NYSE: TKO) is a premium sports and entertainment company. TKO owns iconic properties including UFC, the world’s premier mixed martial arts organization; WWE, the global leader in sports entertainment; and PBR, the world’s premier bull riding organization. Together, these properties reach 1 billion households across 210 countries and territories and organize more than 500 live events year-round, attracting more than three million fans. TKO also services and partners with major sports rights holders through IMG, an industry-leading global sports marketing agency; and On Location, a global leader in premium experiential hospitality.

(Sources: Paramount/Zuffa Boxing/TKO Group)

 

 

 

 

 

 

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Dana White Makes TKO Boxing League Official

On March 5, Dana White, TKO, and Turki Alalshikh announced a new boxing promotion in association with Sela.

 

Alalshikh on record:

“This landmark partnership between industry powerhouses sets the stage for an unparalleled experience for boxers and fans,” Alalshikh said.

“Together, we are developing the next generation of talent and delivering world-class events at a time when the sport is primed for further disruption.”

TKO President and Chief Operating Officer Mark Shapiro also expressed optimism for the new boxing league.

“This is a strategic opportunity to reimagine the sport of boxing globally,” Shapiro said. “TKO has the deep expertise, promotional prowess, and longstanding relationships. HE Turki Alalshikh and Sela share our passion and vision for evolving the current model. Together, we can bring the sweet science back to its rightful place in the forefront of the global sports ecosystem.”

Rumors are circulating claiming that Callum Walsh will be one of the first fighters to sign with the TKO boxing promotion. Walsh appeared on camera at at least one TKO (WWE TV_event approx 3 months ago. It would make sense given that White has attended Walsh’s fights and has aired them on UFC Fight Pass. At this time, fighter signings have not been announced for the new league.

White told Ring Magazine that the UFC model will be used for the boxing promotion. He vowed to ensure that “the best fight the best.”

Dana White Quote To The Ring:

"Everybody knows the format - the best fight the best. You work your way up the rankings, and once somebody breaks into the top five [and] there is no question [about] who the best five guys are in each weight class, they fight it out. And once somebody holds that belt, you don't need three letters in front of the belt. Whoever has that belt is the best in the world in that weight class. It's a very simple model" Dana White

Developing news story.

News

Dana White and Turki Alalshikh Plan New Boxing Venture

Dana White, President of UFC, alongside Turki Alalshikh, are in talks to launch a new boxing promotion under the TKO banner, potentially debuting in 2026. This initiative, while still in the discussion phase, aims to emulate the UFC's model by introducing a clear ranking system for boxers to advance towards world championships. The promotion might also leverage the UFC Performance Institute for training, aiming to nurture both established and up-and-coming boxers. The involvement of WWE President Nick Khan and companies like TKO, Endeavor, and Sela suggests a significant overhaul in how boxing championships are structured, with the goal to ensure top-tier matchups and elevate the sport. However, these plans remain speculative until officially confirmed. (Grok)

News Sources

The Ring

https://ringmagazine.com/en/news/dana-white-on-new-boxing-promotion-format-the-best-fight-the-best

Grok

 

TKO Group Holdings ‘close on an agreement’ to boxing venture

"It’s the right strategic place for us to be."

February 28, 2025

The UFC’s ownership group are closing in on its long rumoured pivot to boxing.

For years, Dana White has referenced the possibility of a move into boxing but pulled back on several occasions citing institutional problems within the sport. While that initial venture, dubbed at one point Zuffa Boxing in reference to the UFC’s original ownership entity, never came to fruition, it appears as though the landscape has changed amid the UFC’s new economic reality as part of the TKO Group, which also counts the WWE among its assets.

Furthermore, boxing’s new money men in Saudi Arabia have changed the platform of the sport — and this is something that TKO appears to want a part of, after TKO’s president and chief operating officer Mark Shapiro confirmed that an agreement appears incoming for a Saudi-funded boxing league.

“Everybody knows we’re in talks with the Saudis but to give you a little more color, I will tell you that we are close on an agreement with the Saudis on a creation of a boxing league where we TKO would be the producer, the promoter and responsible for all day-to-day operations of the venture, where by we would receive a fee of $10 million plus,” Shapiro said during a Wednesday financial call with investors.

“Again, we’re not putting any money in, we’re not putting any capital in, we’re not on the hook for any [costs].”

Shapiro added: “We’ve just sent a delegation to London to meet with the Saudi delegation led by Andrew Schleimer, our CFO and Nick Khan, of course who runs WWE, and Lawrence Epstein who runs UFC,. They had a full day meeting earlier this week and we’re getting awfully close and when we have something official, we’ll come out.”

Shapiro also suggested that two high profile boxing cards might serve as the basis for the launch of the organisation, which he stressed TKO is insulated from financial loss.

He also stated that the knowledge capital within TKO, particularly Khan and White, means that the group has the ideal expertise for the venture.

“It’s thoughtful, it’s the right strategic place for us to be,” he said. “We have experts in Nick Khan and Dana White among others that can drive that business. We can be selective in terms of how we participate and whatever we do, we will not take risk and it will definitely be value accretive.”

 

 

 

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