The main distinction to know is that Paramount Plus is different from Paramount Network, which is where Yellowstone's finale aired Sunday. Paramount Network is a traditional cable channel available to people who pay for it through a live-TV provider.
On Paramount Plus, you can't stream Yellowstone -- old episodes or new ones -- at all.
If you want to stream the finale, the only place to watch it is on Paramount Network's channel, website or app. And the Yellowstone finale will stream only for "authenticated" online viewers -- that is, people who can log in with their live-TV service's credentials to prove they're already paying for Paramount Network.
One exception: Paramount put the premiere episode of Yellowstone's fourth season outside its paywall, so anybody is able to stream this episode -- titled Half the Money -- free on Paramount Network's app or website.
But if you want to watch the finale or any other episodes besides the fourth-season premiere, you'll need to have a pay-TV subscription to log in.
If you're a cord-cutter or Интернеттегі Фильмдер otherwise don't have access to Paramount Network, and you want to binge the first three seasons, then you need to go to Peacock. The fourth season will stream on Peacock eventually too. Peacock hasn't announced the timing that it will begin streaming Yellowstone's fourth season yet, but you can expect it will likely be months from now.
So what does Paramount Plus actually have related to Yellowstone? Spinoffs. On Dec. 19, Paramount Plus began streaming a prequel titled 1883, which focuses on the Dutton family more than a century ago as they move west and establish the Yellowstone Ranch. And on Nov. 14, Paramount Plus premiered Mayor of Kingstown, a drama series co-created by Yellowstone's creator Taylor Sheridan; while Mayor of Kingstown isn't directly tied to Yellowstone, Paramount Plus is pitching it as a bit of a spiritual spinoff.
Why Yellowstone doesn't stream on Paramount Plus
Every new streaming service launching out of Hollywood makes its own judgment about how much, and what, to keep for itself. Some streaming services have been aggressive in getting their titles back to their own services.
Disney has been firm in letting its deals expire for anything it previously licensed out to other services. That included a major deal that let Netflix stream Disney's theatrical movies for an estimated $200 million to $300 million a year over four years. But Disney Plus wanted to become a reliable hub for its own catalog, so Disney let that Netflix deal run out and stopped shopping those blockbusters to rival services.
NBCUniversal, in addition to licensing Yellowstone for its Peacock service, won the rights to its own show The Office back from Netflix at the beginning of 2021 so Peacock could stream the sitcom exclusively.
But that strategy also means that for new fans of Yellowstone prequel 1883 on Paramount Plus, as they watch the chronicles of the Dutton family's arrival in Montana more than a century ago, they'll need to go elsewhere to figure out who the Duttons even are.
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