Paramount Global Says Price Of Paramount+ With Showtime Will Increase By $1 To $12.99/Month, Paramount+ Essential Will Rise By $2 To $7.99/Month For New Subscribers
Portfolio Pulse from Benzinga Newsdesk
Paramount Global announced that the price of Paramount+ with Showtime will increase by $1 to $12.99/month, and Paramount+ Essential will rise by $2 to $7.99/month for new subscribers.
June 24, 2024 | 5:02 pm
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POSITIVE IMPACT
Paramount Global is increasing the prices of its streaming services, which could lead to higher revenues but may also risk subscriber growth.
The price increase for Paramount+ with Showtime and Paramount+ Essential is likely to boost revenues. However, there is a risk that higher prices could slow down subscriber growth. Overall, the impact is expected to be positive in the short term as the revenue increase may outweigh potential subscriber losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Paramount Global's price hike for its streaming services could enhance revenue streams but might also affect subscriber acquisition.
The increase in subscription prices for Paramount+ with Showtime and Paramount+ Essential is expected to positively impact revenues. However, the higher cost could deter new subscribers. The net effect is anticipated to be positive in the short term due to the revenue boost.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100