Paramount will become the new home to all Ultimate Fighting Championship events in the U.S. under a seven-year agreement with TKO Group announced on Monday.

Skydance-owned Paramount will become the exclusive U.S. home of Ultimate Fighting Championship under a seven-year rights deal with TKO Group Holdings , starting in 2026, that is valued at around $7.7 billion,

The seven-year deal, which begins in 2026, is worth an average of $1.1 billion a year, with payments weighted toward the back end of the term, the companies said. Paramount also intends to explore acquiring the rights to UFC outside the U.