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.

Paramount shares were up 4.2% in premarket trading. The company will carry the UFC's full U.S. slate of 13 numbered events and 30 Fight Nights on its Paramount+ streaming service, with select numbered events simulcast on its CBS broadcast network.

The domestic media rights deal with Paramount is worth more than $7 billion, and is all inclusive — meaning no more PPV.