“Yellowstone” creator Taylor Sheridan is leaving Paramount for a new pact at NBCUniversal, with an eight-year film deal beginning in 2026

and a separate television deal commencing at the end of 2028. The value tops $1 billion, and NBCUniversal Entertainment & Studios chair

Donna Langley personally courted Sheridan in Weatherford, Texas. Exclusive reporting at TheWrap says Langley aimed to make him “the Big Fish,” with the TV portion starting after his current Paramount obligations expire.

Multiple outlets framed the shift as the end of Sheridan’s long Paramount chapter. Wall Street Journal coverage dated October 27, 2025 reported the move to NBCUniversal, while Hollywood Reporter noted the move was “not yet” official even as Comcast leadership publicly discussed it.

Chris Grant‘s Osmosis Global shingle is launching a first-run unscripted U.S. studio model, with Discovery’s upcoming “Saving Yellowstone With Dennis Quaid” as the first project. The series, which follows Quaid as he highlights the ongoing threats to the “Greater Yellowstone Ecosystem” — which spans 58,000 square miles across Montana, Wyoming and Idaho — premieres in the U.S. this Wednesday, Nov. 26, on Discovery and Animal Planet.

Warm Springs Productions, which is an Osmosis partner and investor, produces “Saving Yellowstone,” which Osmosis has now also sold internationally via distribution deals in Canada (Paramount+), Norway (TV2) and Australia (SBS).“If we can own rights again, which we know we can, the next question becomes, ‘what rights do we want to own?’” Grant said. “As it relates to the creation of content, obviously what always has broken through is talent. In the unscripted space, there’s an opportunity to work with premium talent on ideas and concepts that are near and dear to their hearts. What are they interested in, and how can you marry that in creating content? That’s what we did with with ‘Saving Yellowstone.’”

With Quaid as host, the four-part docuseries looks at “ongoing threats to the region, such as disease, drought, pollution, human encroachment and climate change, giving viewers an exclusive look at the majestic wild and insights from those working to fight for the survival of this extraordinary American landscape.”

With “Saving Yellowstone” and more titles to come, Osmosis is now also deficit financing or fully financing original fare (either by itself or via partners, advertisers or investors) and then distributing those projects.