The "Yellowstone" creator, Paramount and billionaire Ross Perot Jr. have joined forces on a massive new studio just as Texas has gone big on a new tax incentive program for films and television.

The West Texas oil drama and Paramount+ series stars Billy Bob Thornton as a crisis manager. Taylor Sheridan co-created the show, which is based on the

In mid-May, Paramount co-CEO Chris McCarthy said the Fort Worth-filmed series would debut its new season on Paramount+ in November. This release window was in keeping with the show’s first season, which also premiered in the same month last year.