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According to a report from Puck, it’s unclear what will happen to existing Sheridan TV shows like Yellowstone once his deal with NBCUniverse goes through. Paramount Skydance CEO David Ellison has reportedly not attempted to extend Sheridan’s movie or TV deal with Paramount, making it likely he won’t be working with them beyond his existing 2028 contract.
However, this doesn’t mean the shows under their umbrella are over. With Yellowstone‘s spinoffs expanding, the franchise, along with other existing Sheridan TV shows, could continue beyond his time with Paramount. This means the studio could greenlight new seasons and new spinoffs of the franchise long after Sheridan departs. The same goes for his other TV series too.

For now, Sheridan is attached to all of these projects, but it seems like he won’t be involved once his deal with NBCUniversal begins in 2029. However, the rights to all his shows, including Yellowstone, still belong to Paramount. This means the Western franchise can continue without him, different creative teams being involved in their development once the creator departs.
While this means the Yellowstone franchise may not end once Sheridan’s contract with Paramount is up, it’ll feel quite different without his involvement. Since his TV deal with NBCUniversal is still three years away, there could still be some shake-ups. Either way, it seems likely that, as long as the franchise is successful, it will continue, with or without Sheridan.