While MTV Entertainment Studios – which, like Paramount+, is owned by parent corporation ViacomCBS – did not release official figures, Bloomberg News put the deal at US$900 million (RM3.8 billion), which would make it one of the largest in television history.

MTV Entertainment’s Chris McCarthy said developing new content with “tremendous talent like Matt and Trey is at the heart of our strategy to continue growing Paramount+”.

The deal also includes multiple new seasons of “South Park” for television network Comedy Central, which will see the long-running satire reach its 30th year by 2027.

“South Park”, set in small-town America and known for crude language and lampooning hot-button social issues since 1997, has already spawned one film, multiple video games, and other merchandise.

“Comedy Central has been our home for 25 years and we’re really happy that they’ve made a commitment to us for the next 75 years (sic),” said Parker and Stone in a joint statement. “We can’t wait to get back to doing traditional South Park episodes but now we can also try out new formats.”