Later this 12 months Paramount Plus and Showtime will be part of forces to ship a brand new streaming platform within the US: the not-so-creatively named Paramount Plus with Showtime. Sadly, once they do mix, present Paramount Plus subscribers will see their month-to-month invoice rise.
When you’re a subscriber within the US, the month-to-month price of Paramount Plus will rise from $9.99 monthly to $11.99 monthly for the mixed service, in line with feedback made in Paramount’s recent Q4 2022 earnings call (opens in new tab).
Maybe extra annoying, nonetheless, is the information that Paramount Plus’ Important tier – which received’t embody entry to the brand new Showtime content material – is rising from $4.99 to $5.99 monthly. So when you’re an present Paramount Plus subscriber at both tier you’ll see your invoice go up someday in Q3 2023 (i.e., July-September) – as that is the imprecise launch date the corporate has given for Paramount Plus with Showtime.
Whereas we anticipated that Paramount Plus would see a worth hike following the merger, it’s nonetheless disappointing – particularly after the latest information that Showtime has freshly canceled a batch of shows and films, together with Let The Proper One In, American Gigolo, and On Turning into a God in Central Florida.
These of you who aren’t eager to pay extra to observe the best Paramount Plus shows would possibly need to attempt one of many different best streaming services, though be warned that another providers are altering for the more severe too; notably, Netflix is clamping down tougher on Netflix password-sharing, and introducing its paid password-sharing guidelines in new areas.
When you subscribe to Paramount Plus from outdoors the US you have to be secure from the upcoming worth rise, however we’d suggest holding an eye fixed out, as we suspect the price of the service will go up in every single place quickly. Throughout its earnings name Paramount introduced that its streaming losses had risen to $575 million from $502 million in This fall 2021, and we anticipate that it’ll be seeking to scale back these losses by bringing in additional income.
