Parker and Stone reached a $1.5 billion streaming deal with Paramount after a monthslong bidding war, according to the Los Angeles Times. Paramount is the parent company of Comedy Central, where South Park airs, and CBS—which has received widespread criticism over its decision to cancel The Late Show With Stephen Colbert.

Paramount announced Wednesday afternoon that the creators of “South Park” had agreed to produce 50 new episodes over the next five years in a deal reportedly valued at $1.5 billion