Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Paramount+ price hike: Here’s how much streaming subscriptions will cost By: FOX Business June 24, 2024 at 16:28 PM EDT Paramount Global said Monday that Paramount+ with Showtime and Paramount+ Essential will receive a price hike for new monthly subscribers come Aug. 20. Paramount Global will soon start charging more for its namesake streaming platform.The company said on Monday that prices for new monthly subscribers to Paramount+ with Showtime and Paramount+ Essential will increase come Aug. 20.New members will pay $7.99 per month for Paramount+ Essential, a $2 increase. Those already subscribed to the ad-supported tier will get to keep the current $5.99 monthly fee, according to Paramount Global.Paramount+ with Showtime will climb by $1 to $12.99 a month for new members.MAX AD-FREE STREAMING SERVICE IS GETTING A PRICE HIKEThe increase for current Paramount+ with Showtime customers will take effect the next time they have to pay their bill on or after Sept. 20.The Paramount+ with Showtime offering has been available for roughly a year, since the company combined Paramount+ and Showtime content. The price of its Limited Commercial Plan will increase $1 to $7.99 per month, Paramount said Monday.CLICK HERE TO READ MORE ON FOX BUSINESSHowever, the cost of annual Paramount+ with Showtime and Paramount+ Essential subscriptions will not change from their respective $119.99 and $59.99 levels.Paramount Global’s direct-to-consumer unit brought in about $1.88 billion in revenue during its most recent quarter, including $1.36 billion from subscriptions.The company has been working to make its direct-to-consumer business, which includes BET+ and Pluto TV in addition to Paramount+, profitable for some time. In the first quarter, its adjusted operating income before depreciation and amortization was a $286 million loss, marking a 44% improvement.SPOTIFY RAISING US PRICES FOR PREMIUM PLANS, AGAINParamount launched Paramount+ in 2021, and it has since amassed more than 71 million subscribers as it competes with other streaming platforms like Netflix, Disney+, Hulu and Max.Netflix, the leader in the sector, prices its ad-supported plan at $6.99 per month in the U.S., its standard ad-free plan at $15.49 and its premium ad-free plan at $22.99. Related Stocks: Paramount Global - Class A Common Stock Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Paramount+ price hike: Here’s how much streaming subscriptions will cost By: FOX Business June 24, 2024 at 16:28 PM EDT Paramount Global said Monday that Paramount+ with Showtime and Paramount+ Essential will receive a price hike for new monthly subscribers come Aug. 20. Paramount Global will soon start charging more for its namesake streaming platform.The company said on Monday that prices for new monthly subscribers to Paramount+ with Showtime and Paramount+ Essential will increase come Aug. 20.New members will pay $7.99 per month for Paramount+ Essential, a $2 increase. Those already subscribed to the ad-supported tier will get to keep the current $5.99 monthly fee, according to Paramount Global.Paramount+ with Showtime will climb by $1 to $12.99 a month for new members.MAX AD-FREE STREAMING SERVICE IS GETTING A PRICE HIKEThe increase for current Paramount+ with Showtime customers will take effect the next time they have to pay their bill on or after Sept. 20.The Paramount+ with Showtime offering has been available for roughly a year, since the company combined Paramount+ and Showtime content. The price of its Limited Commercial Plan will increase $1 to $7.99 per month, Paramount said Monday.CLICK HERE TO READ MORE ON FOX BUSINESSHowever, the cost of annual Paramount+ with Showtime and Paramount+ Essential subscriptions will not change from their respective $119.99 and $59.99 levels.Paramount Global’s direct-to-consumer unit brought in about $1.88 billion in revenue during its most recent quarter, including $1.36 billion from subscriptions.The company has been working to make its direct-to-consumer business, which includes BET+ and Pluto TV in addition to Paramount+, profitable for some time. In the first quarter, its adjusted operating income before depreciation and amortization was a $286 million loss, marking a 44% improvement.SPOTIFY RAISING US PRICES FOR PREMIUM PLANS, AGAINParamount launched Paramount+ in 2021, and it has since amassed more than 71 million subscribers as it competes with other streaming platforms like Netflix, Disney+, Hulu and Max.Netflix, the leader in the sector, prices its ad-supported plan at $6.99 per month in the U.S., its standard ad-free plan at $15.49 and its premium ad-free plan at $22.99. Related Stocks: Paramount Global - Class A Common Stock