Paramount Global (NASDAQ:PARA) has announced a price hike for most of its Paramount+ subscription plans, effective from August.
What Happened: The ad-free Paramount+ With Showtime plan will see a $1 increase, bringing the monthly cost to $12.99. The Paramount+ Essential plan, which includes ads, will rise by $2 to $7.99 per month for new subscribers. The new prices will come into effect on Aug. 20 for new customers, reported Variety.
For existing Paramount+ With Showtime subscribers, the new price will be effective from their next billing date on or after Sept. 20. The monthly subscribers to Paramount+ Essential will continue at the current price of $5.99.
The annual subscription plans for both tiers will remain unchanged, that is Paramount+ bundled with Showtime at $119.99 per year, while Paramount+ Essential at $59.99 per year. The price of the legacy Paramount+ Limited Commercial plan will also increase by $1 to $7.99 per month.
These changes come after the company's controlling shareholder, Shari Redstone, called off discussions about merging the company with David Ellison's Skydance Media earlier this month.
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Why It Matters: Despite the price increase, the new cost of Paramount+ With Showtime remains lower than the ad-free versions of Netflix, Disney+, and Warner Bros. Discovery's Max. Earlier this month, Warner Bros. Discovery increased the price of Max's no-ads plans in the U.S.
Last week, actress Sydney Sweeney was alleged to be using a pirated streaming service to watch "NBC's Law & Order: Organised Crime." At the time, fans expressed their understanding, citing the continuous increase in subscription prices.
In April, Paramount Global announced first-quarter revenue of $7.685 billion, marking a 6% year-over-year increase. However, this figure fell short of the Street's consensus estimate of $7.732 billion, according to data from Benzinga Pro.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Paramount Global（纳斯达克:PARA）宣布从8月起，大多数订阅计划的Paramount+将涨价。
发生了什么：不含广告的Paramount+ Showtime计划将涨价1美元，月费将升至12.99美元。包含广告的Paramount+ Essential计划，新用户每月费用将上涨2美元至7.99美元。这些新的价格将从8月20日起对新用户生效，据Variety报道。
对于现有的Paramount+ Showtime订阅用户，新价格将在9月20日或之后的下一个结算日开始生效。Paramount+ Essential的月订阅用户将继续以5.99美元的当前价格续费。
两个计划的年度订阅计划价格将保持不变，即绑定Showtime的Paramount+每年119.99美元，而Essential版为每年59.99美元。传统的Paramount+ Limited Commercial计划的价格也将上涨1美元至7.99美元/月。
在本月早些时候，该公司的控股股东Shari Redstone取消了与David Ellison的Skydance Media合并的讨论。
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尽管价格上涨，Paramount+ Showtime的新价格仍低于Netflix、Disney+和华纳兄弟探索的Max无广告版本的价格。本月早些时候，华纳兄弟探索提高了Max无广告计划在美国的价格。
上周，演员悉尼·斯威尼被指控使用盗版流媒体服务观看“NBC的法律与秩序：有组织的犯罪”。当时，粉丝们表达了理解，称不断增加的订阅价格是原因。
今年4月，派拉蒙全球宣布第一季度收入为76.85亿美元，同比增长6%。然而，这一数字低于Benzinga Pro的预期共识估计值773.2亿美元的数据。
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