Paramount Plus is one of the most popular online streaming platforms that harbors a huge collection of movies, TV shows, and documentaries across various genres. But, is there going to be a Paramount Plus price increase in 2024 and is it planning on hiking its subscription prices? If yes, then what will be the new rates? Here are all the answers.
Is Paramount Plus increasing subscription prices in 2024 and why?
Yes, the prices of Paramount Plus plans will be increasing in 2024. The streaming platform is raising prices after merger talks with Skydance Media fell through. To compete with streaming giants, Paramount Global is actively seeking a strategic partner for Paramount Plus.
While talking at a shareholder meeting, Showtime/MTV Entertainment Studios and Paramount Media Networks’ CEO Chris McCarthy said that the company is “working on exploring options with both SVOD players and the leading technology platforms with the goal of forming a joint venture or a long-term strategic partnership to maximize our momentum and take advantage of our combined strengths.”
The collaboration aims to leverage combined strengths and maximize Paramount Plus’s growth. Earlier, Paramount also considered merging Paramount Plus and NBCUniversal’s Peacock.
When will the Paramount Plus price increase come into effect?
The revised prices will be effective from August 20, 2024, for all the new Paramount Plus subscribers. Additionally, for existing Paramount Plus with Showtime subscribers, the changes will come into effect from September 20, 2024, onwards.
Following the update, the ad-free Paramount Plus with Showtime plan will cost $12.99 per month after a $1 hike. Whereas, the basic plan of Paramount Plus Essential plan with ads will be priced at $7.99 per month, becoming $2 expensive.
Along with the latest seasons of renowned TV series and films, viewers can watch live sports like the NFL on CBS and stay entertained for hours. Paramount Plus with Showtime also elevates the user experience by adding original content from the Showtime network to the mix.
