Following the August 7 closure of the Paramount–Skydance merger, CBS Studios and Paramount Television Studios (PTVS) have finalized how they’ll split up their projects, setting the stage for the two entities to operate side by side.

Paramount will become the new home to all UFC events in the U.S., while UFC's CEO says the White House may host a July 4 event broadcast on CBS.

Paramount CBS was initially set to take half of UFC’s broadcast rights in the form of 30 Fight Night cards. But the deal grew following the closure of a merger between Skydance and Paramount. In 48 hours, an agreement for rights to all of UFC’s events was struck, bucking the assumption that UFC would remain with ESPN or move to Netflix.