Overview
- Multiple outlets report Sheridan has set a long-term pact with NBCUniversal, with films beginning next year and a television overall deal taking effect on Jan. 1, 2029 after his Paramount term ends.
- Financial terms have not been officially disclosed, though coverage characterizes the agreement as a nine-figure package reported by some as valued up to $1 billion.
- David Glasser’s 101 Studios will move under a first-look film and TV deal at NBCUniversal starting in early 2026 once existing obligations to Paramount are fulfilled.
- Paramount will retain ownership of Yellowstone and Sheridan’s existing series, which will remain on its platforms, and the flagship Yellowstone continues to stream on Peacock under a prior license.
- Sheridan is expected to keep producing new seasons and planned spinoffs for Paramount through 2028, with reports tying his future move to leadership turnover and budget scrutiny after Skydance’s takeover and to Donna Langley’s filmmaker-friendly courtship at NBCUniversal.