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.

"The addition of UFC's year-round must-watch events to our platforms is a major win," said Paramount CEO David Ellison, former CEO of Skydance, calling the mixed martial arts franchise a "global sports powerhouse".

For viewers, the deal means UFC coverage will shift away from its current US home on ESPN, changing how fans watch and pay for fights. Paramount recently merged with David Ellison's Skydance after its purchasing of Paramount Global from Shari Redstone on August 7.