will increase its ad-supported Essential plan from $5.99 to $7.99 per month for new subscribers. The bundled ad-free plan with Showtime will jump up by $1, bringing from $11.99 to $12.99 per month.
The Limited Commercial Plan on Paramount+ is also set to see a $1 increase, bringing its monthly price to $7.99 for current subscribers. The company said on Wednesday that existing plans with Showtime will not see the price hike until"around Sept. 20." Existing Paramount+ Essential subscribers will continue to have their $5.99 pricing, according to the service.The annual pricing for both the Essential, which costs $59.99 a year, and Paramount+ with Showtime, which costs $119.99, will remain the same. will go into effect on July 18 for new subscribers, right before the Paris Olympics.
Even with the newly announced price increases, Paramount+ remains as one of the more affordable streaming platforms when compared to Netflix, Disney+ and others. The streaming service is home to"an expansive slate of live sports, breaking news and premium originals."
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