'Paramount Streaming Service To Merge With Showtime On June 27; Premium Tier Will Increase To $11.99 From $9.99, While Its Lower-Priced Tier, Without Showtime Content, Will Increase By $1 To $5.99' - CNBC
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Paramount Global will merge its streaming services Paramount+ and Showtime on June 27, with the premium tier increasing to $11.99 from $9.99 and the lower-priced tier increasing to $5.99 from $4.99. The standalone Showtime app will be sunset by the end of the year, and the premium Showtime cable-TV network will be rebranded.
May 22, 2023 | 9:43 pm
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Paramount Global's streaming services Paramount+ and Showtime will merge on June 27, leading to price increases for both tiers and the sunsetting of the standalone Showtime app.
The merger of Paramount+ and Showtime will create a more comprehensive streaming service, potentially attracting more subscribers and increasing revenues for Paramount Global. The price increases for both tiers will also contribute to higher revenues. However, the sunsetting of the standalone Showtime app may cause some short-term disruption for existing subscribers.
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