In 2022, the Duffers launched their production company, Upside Down Pictures, for film and television projects as part of a new overall deal with Netflix.
Post–$8.4B merger with Skydance, Paramount plans to more than double annual movie output from eight to 15, while maintaining key cable networks and striking a balanced spending strategy between films and series.
Starting in 2026, all 43 annual UFC events — including 13 numbered cards and 30 Fight Nights — will stream on Paramount+ at no extra cost, with select events simulcast on CBS, aiming to expand accessibility, boost engagement, and grow Paramount’s U.S. subscriber base.
The newly merged Paramount, backed by Skydance Media and RedBird Capital, aims to modernize content creation, expand global reach, and drive long-term shareholder value through innovation, scale, and a 113-year legacy.