Paramount+ is hiking prices as parent company Paramount Global reported its operating income plummeted 93 percent for the fourth quarter as the weak advertising market continues to weigh on the media giant’s properties, including CBS and PlutoTV.Hollywood’s biggest media companies as households drastically cut back on spending in the wake of runaway inflation and skyrocketing energy prices brought on by the Biden administration.
Consumers who currently subscribe to the ad-free Paramount+ “Premium” tier for $9.99 per month will see their service replaced by a version that includes Showtime that will cost $14.99 per month. The new tier will be called Paramount+ with Showtime.Paramount said it would implement the price hikes this year but didn’t specify a date., Paramount started enacting layoffs back in November.
Even though Paramount+ added 9.9 million subscribers for the fourth quarter, the company saw its streaming business losses widen to $575 million from $502 million in the year-ago quarter. Streaming prices are rising across the board as Bidenflation hits Hollywood hard. Netflix and Disney+ are among the major streamers to have
We don’t want Showtime and will just do without Paramount if they think they can force me to include it.
No one watches
I love it! The Woke are going broke! Keep it up all you Woke “news”media, Hollywood film and entertainment studios etc. you might be next! Wonder if Vegas is taking bets on who will fold next?
already surprising when they're churning out tire, woke, cliched crap like star trek: picard.
Bye bye paramount
People have so much less take home pay, high taxes, and those existing on government handouts only have a limited amount of money, so paramount_ads what do you expect? Crappy woke content and people with little money = plummeting viewers.
I rarely use PlutoTV. Since Paramount/CBS took it over the software is not user friendly and the video will skip, jump, go back several minutes randomly, or when there is a commercial break the PlutoTV logo will be on the screen for hours with the program never returning.
Time to cancel Paramount +.
Maybe it has to do with how many shows are just woke preaching instead of entertainment.
Would be wonderful to see CBS vanish.
Bye.
Without Yellowstone they dont have much worth.
I won’t pay for that streaming service! Cable is high enough.
Haha. Streaming is not the future. It costs way more than traditional cable.
They are lowering my price by $3
I stream these shows for free. haha.
As voters are becoming more conscious of their dollar spent is like a vote, corporations better align with today's realities of free speech and truth.
No one watches our garbage propaganda, I know, lets hike the price. (soon to be shitcanned marketing reps)