Paramount Locks Down UFC Rights in 7-Year Mega-Deal With TKO Group

The reports are that the agreement has an average annual value of $1.1 billion.

Paramount, in a strategic move to expand its sports programming, has reached an agreement with TKO Group to become the exclusive home for Ultimate Fighting Championship events in the U.S. The seven-year deal, announced on Monday, will see Paramount take over the distribution of the UFC's 13 marquee numbered events and 30 "Fight Nights".

This agreement si…