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Paramount+ Prices to Increase for Most Subscribers Starting This August
Paramount Global is hiking the prices for most Paramount+ plans later this summer.
At this point, Paramount Global is looking for a strategic partner for Paramount+ to scale up the service and gain efficiencies, according to Chris McCarthy, head of Showtime/MTV Entertainment Studios, one of the three co-CEOs currently leading the company. At Paramount Global’s June 4 shareholder meeting, McCarthy said 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.” Paramount has discussed merging Paramount+ with NBCUniversal’s Peacock in the past. In announcing the price increases Monday, the company touted Paramount+’s “expansive slate of live sports, breaking news and premium originals.”
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