UEFAs media-rights overhaul of its mens club competitions was completed across the Americas on May 1, 2026, with The Walt Disney Company, Paramount Skydance and Warner Bros. Discovery emerging as the dominant rights-holders for the 2027-2031 cycle. Disney will carry the Champions League in Latin America for the first time, splitting the region with Paramount on a 50-50 basis. The Americas package is one segment of a wider sales process that pushed UEFAs annual mens club competition revenue beyond €5 billion, roughly 40 percent above the prior cycle. In Brazil, Warner Bros. Discovery took the entire Champions League across the four seasons through 2030-31, while Disney retained the second-tier Europa League and the third-tier Conference League. Across Spanish-speaking South America, Central America and Mexico, top-flight matches will be divided evenly between Paramount and ESPN/Disney. Paramount retained the full UEFA club competitions package in Canada under a separate exclusive arrangement. The distribution illustrates how UEFA has reorganized the global rights map around streaming-first incumbents. Disney, which held no Champions League rights in the current cycle, becomes a meaningful European-football outlet across Latin America alongside its existing ESPN linear position. Paramount uses its existing Champions League equity to consolidate Canada and split the larger Latin American region, doubling down on a category that has become core to its sports identity. The split across rivals rather than a single carrier per territory is by design: UEFA can extract premium pricing from multiple platforms that each need flagship live sports inventory to defend their subscription bases. The deal also confirms that European football is now valued in dollars and reais on the basis of streaming subscription economics, not just linear advertising. For consumers, the deal means most Latin American viewers will require subscriptions to two services to see the complete Champions League slate, replicating the fragmentation that NBA, NFL and MLB fans already navigate in the United States. For competing distributors, especially DAZN, which had been a meaningful Americas player on second-tier European rights, the package raises the cost of UEFA carriage materially and pushes regional strategy toward niche properties and domestic leagues. The Americas outcome strengthens UEFAs hand at its own Club Competitions auction in the United States, where DAZN, Apple, Amazon, Disney and Paramount remain in active conversations and where the governing body is testing whether the same scarcity premium will hold.