An exit by advertisers and cord-cutting have hammered Paramount’s traditional TV business, which accounts for more than half its revenue.
Paramount Global is raising subscription rates for its flagship streaming services, the media giant said Monday, as it looks to recalibrate its business and pay off debt.
The Paramount+ with Showtime plan will cost $12.99 a month, with a hike of $1, effective Aug. 20 for new users and Sept. 20 for existing customers.The Paramount+ Essential subscription rate will increase by $2, to $7.99 a month for new subscribers, effective Aug. 20. However, current users of the plan will continue to pay $5.99 per month.
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Entertainment Media Paramount Prices Streaming Subscriptions
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