The creator behind the Yellowstone universe inks a high-profile pact with NBCUniversal while his existing projects stay with Paramount Global.

Sheridan’s Shift: What’s Happening

October 28, 2025: Taylor Sheridan, famed for creating the Yellowstone franchise and a slew of hit series for Paramount, is reportedly leaving Paramount Global for NBCUniversal under a new overall deal covering film, television, and streaming. The move marks a significant change in his long-time studio home and is being described as one of the biggest production reshuffles of the year.

The Deal — Timeline & Terms

The new pact reportedly includes a film deal beginning in 2026, while a television production deal kicks in when his current TV contract with Paramount ends in January 2029. Paramount will retain rights to all his existing shows, including the Yellowstone spin-offs and the “Sheridan Universe” created for their platforms.

Why Now? Studio Shake-Up & Creative Control

Industry insiders suggest Sheridan’s departure is tied to major changes at Paramount Global following its merger with Skydance Media, leading to shifts in leadership and production strategy. Sheridan has long emphasized his desire for creative freedom, which may have prompted him to explore a new partnership with NBCUniversal — a studio known for giving creators more autonomy on both film and streaming projects.

What’s Next for Sheridan & His Projects

While Sheridan’s television commitments to Paramount remain active until 2029, his film projects under NBCUniversal are set to begin much sooner. His ongoing Paramount slate remains intact, including Yellowstone spin-offs such as Y: Marshals. At NBCUniversal, Sheridan is expected to develop entirely new original stories and expand his creative footprint on platforms like Peacock.

Why It Matters

This major move highlights a growing industry trend — top creators seeking greater creative control and ownership over their work. Sheridan’s transition marks a pivotal moment for both Paramount and NBCUniversal as they continue to compete for Hollywood’s biggest storytelling talents.