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One Battle After Another
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Leonardo DiCaprio (One Battle After Another)
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Teyana Taylor (One Battle After Another)
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One Battle After Another
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Sinners
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One Battle After Another
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One Battle After Another
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Frankenstein
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One Battle After Another
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Frankenstein
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Frankenstein
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Sinners
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Avatar: Fire and Ash
94.9%
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KPop Demon Hunters
96.9%
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97.5%
Behind the news

What does Taylor Sheridan’s exodus mean for ‘Yellowstone,’ ‘Landman,’ ‘Tulsa King,’ and Paramount?

The Yellowstone creator is leaving Paramount+ for NBCUniversal, but his hit shows are staying behind. Here's how that will work.
LAS VEGAS, NEVADA - DECEMBER 03: Taylor Sheridan attends the "1923" Las Vegas premiere screening the Encore Theater at Wynn Las Vegas on December 03, 2022 in Las Vegas, Nevada. (Photo by David Becker/Getty Images for Paramount+)
Taylor Sheridan attends the 1923 premiere in Las Vegas
(Photo by David Becker/Getty Images for Paramount+)

Well, pardner, it sure looks like the Taylor Sheridan-verse is hanging up its hat with Paramount and riding off into the sunset with NBCUniversal.

Earlier this week, news broke that the showrunner and producer behind hit shows like Yellowstone, Tulsa King, Landman and Lioness would be parting ways with his longtime creative home. Sheridan struck a major deal with the Comcast-owned conglomerate that begins in 2028 after his Paramount contract expires. (That's specifically for TV shows; Sheridan has an eight-year commitment to generate movies for NBCUniversal that begins in March.)

Under the terms of his new deal, Sheridan will write and develop series for Universal and its respective platforms including NBC and Peacock. David Glassier’s 101 Studios, which produces all of Sheridan’s shows, will also move to Universal following the expiration of the Paramount deal. 

What exactly does all of this mean for the future of Sheridan, Paramount, and NBCUniversal? Here’s everything you need to know about the motives behind Sheridan’s big move — and what the fallout will be.

Why is Sheridan leaving Paramount?

Simply put, reports indicate that Sheridan was not happy with Paramount's new leadership amid the executive shifts and shakeups due to the $8 billion Skydance-Paramount merger. That long-in-the-works deal officially closed this summer and saw David Ellison come aboard as the new chief executive officer. Previously, Sheridan enjoyed a close relationship with former Paramount executives Chris McCarthy and Keyes Hill-Edgar, both of whom departed amid the leadership purge.

Meanwhile, Paramount’s new streaming head, Cindy Holland, had reportedly been concerned about the budget of Sheridan’s many and varied projects, due to the involvement of big stars like Sylvester Stallone and Nicole Kidman. Even before Sheridan alerted Ellison of his imminent departure, reports circulated that he had met and was in advanced talks with Donna Langley, Universal’s veteran film chief, who was also recently put in charge of TV programming for NBCU.

What does this mean for Yellowstone and Landman?

Don't worry — the Duttons aren't going anywhere. While Yellowstone's mothership series officially ended in 2024 after five seasons, Sheridan has been actively building out the Dutton Ranch universe for some time. Two prequel series, 1883 and 1923, both explored how the Dutton family came to own their piece of Big Sky Country. And Sheridan has more stories up his sleeve, including shows like 1944, The Madison, and Y: Marshals, which will star Yellowstone actor Luke Grimes. Another spin-off, Dutton Ranch will center on fan favorites Kelly Reilly and Cole Hauser.

Sheridan's other Paramount series will similarly remain Paramount+ exclusives. Tulsa King recently debuted its third season, which sets up a NOLA King spin-off led by Samuel L. Jackson. Landman returns for Season 2 on Nov. 16, and the ink is finally dry on a Season 3 renewal for Lioness fresh off of star  Zoe Saldaña's Oscar win. When Sheridan departs Paramount three years from now, he'll remain an executive producer on whichever series are still standing, but creative duties will be handed off to new writers, directors and showrunners.

What awards have Sheridan’s shows received?

While Yellowstone, 1923, Lioness, and Tulsa King have received Emmy nods for their stunts and other below-the-line achievements, none of the series have been recognized in major categories like directing, writing, or acting despite amassing many fans and having prominent A-listers attached to the series.

"Why do you think that is — is it my clothes?" Stallone recently joked to Gold Derby about the show's lack of Emmy recognition. "It's nice to win awards, but the real reward with this show is that it's held together in an incredibly competitive marketing place."

Time will tell if NBCUniversal will be able to position Sheridan’s shows better for the ultra-competitive TV awards season.

What does this mean for Paramount+ and Peacock?

In the wild west that is the streaming wars, Sheridan’s shows were a trusty sidearm for Paramount's viewership-challenged streamer. The fact that Paramount+ will be able to hold onto that valuable library for its back catalogue will help keep it insulated from an abundance of audience erosion.

Meanwhile, Peacock — which also is trying to establish a firmer foothold in the streaming marketplace — should benefit from having a popular TV showrunner in its arsenal. Three years is a long time to wait... but Sheridan's arrival will be a giant feather in Peacock's cap.

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