Both the Essential plan, which is the most basic choice, and the version with Showtime will see a monthly hike of $1 and $2, respectively.
There is a possibility that the cost of watching Tulsa King, Star Trek episodes, and even Sonic the Hedgehog spinoff will increase gradually in the near future. It has been reported by CNBC that Paramount Global has once again increased the prices of its streaming service, which is known as Paramount+. These changes will result in an increase in the price of the Paramount+ Essential plan to $8 per month, which is an increase from $6 per month, and the price of the Paramount+ with Showtime plan will go up to $13 per month, up from $12 per month.
New customers will be subject to the hike beginning on August 20; however, existing customers will have until about September 20 to make the adjustment. There is a reason to be optimistic. Existing customers who are currently subscribed to the Essential plan will not be subject to an increase in price for the time being. Therefore, the increase will only be visible to existing customers of Paramount+ with Showtime as well as all new subscribers. This comes one year after another hike in fees was implemented.
Paramount Global has been looking for a buyer for Paramount+ for several months now, but they have not been successful in their efforts. Most recently, a merger that was supposed to take place between Skydance and National Amusements was unsuccessful. However, the firm recently announced that the streaming service has amassed 71 million paying members, despite the fact that it continues to run at a loss while doing so. Peacock has approximately 31 million subscribers, while Max has somewhat more than 97 million. This serves as a point of reference.
With this, Paramount+ is positioned smack dab in the midst of the pack. When it comes to intellectual property, it does have a lot going for it. In addition to the positive reception that Knuckles received, my father has been listening to Tulsa King on repeat for more than a year. Even though I am there only for Star Trek, I do subscribe to the magazine. In the event that the well runs dry, which appears to be happening, I will be leaving.
There is no doubt that Paramount+ is not the only company that is participating in the streamflation lunch table. Over the course of the previous year or two, there has been a widespread increase in prices, and virtually every major platform has been involved in this trend. The subscription fees for Max were increased earlier this month, and Peacock has indicated that they will be doing the same thing later this summer. Price increases have been implemented by Disney+, Apple TV+, and Netflix in recent times.