Paramount+ is poised for a price hike, marking the first significant increase in nearly two years. The streaming service announced during its earnings report that it will boost subscription prices in the US, Canada, and Australia starting early next year, without disclosing the exact amount. Industry insiders speculate that the price bump could be as modest as an extra dollar or two per month.
The move comes as part of a broader strategy to boost long-term profitability for Paramount+. The company has identified several areas where it can optimize its financials, including shifting away from lower-margin subscription bundles and eliminating free trials.
This shift in approach is largely driven by the recent acquisition of Paramount by Skydance Media, a deal valued at $8 billion. While regulatory approval was eventually secured after some controversy surrounding FCC Chairman Brendan Carr, the move has sent shockwaves through the entertainment industry.
As part of its restructuring efforts, Paramount+ will also review discount practices and reduce investments in international markets without a clear growth trajectory. The company is seeking to increase its profitability while maintaining access to an extensive library of content.
The decision not to offer free trials for new subscribers suggests that Paramount+ is prioritizing paid subscriptions over short-term revenue gains. This approach may appeal to customers who value the convenience and flexibility offered by streaming services, but it also raises concerns about affordability and accessibility in a rapidly changing media landscape.
The move comes as part of a broader strategy to boost long-term profitability for Paramount+. The company has identified several areas where it can optimize its financials, including shifting away from lower-margin subscription bundles and eliminating free trials.
This shift in approach is largely driven by the recent acquisition of Paramount by Skydance Media, a deal valued at $8 billion. While regulatory approval was eventually secured after some controversy surrounding FCC Chairman Brendan Carr, the move has sent shockwaves through the entertainment industry.
As part of its restructuring efforts, Paramount+ will also review discount practices and reduce investments in international markets without a clear growth trajectory. The company is seeking to increase its profitability while maintaining access to an extensive library of content.
The decision not to offer free trials for new subscribers suggests that Paramount+ is prioritizing paid subscriptions over short-term revenue gains. This approach may appeal to customers who value the convenience and flexibility offered by streaming services, but it also raises concerns about affordability and accessibility in a rapidly changing media landscape.
. And now we're at the point where Paramount+ is raising prices again and it's only been almost two years since they last did it 
. It's like, can't they just chill for once?
. But you know what? I don't have a problem with that. I mean, if I'm paying for something, I expect to be able to use it without worrying about getting burned every now and then 
.
. I love streaming services because they're so convenient, but at the same time, you gotta have a steady income to afford 'em 
. Don't get me wrong, I love their shows and movies, but can't they just find other ways to make some cash without breaking the bank? 
Maybe they could try offering more affordable tiers or bundles? Just a thought... 
Paramount+ is raising prices!!! like i know they wanna be profitable and all but an extra dollar or two per month seems kinda steep 
. They're gonna start eliminating free trials too? That means no more trial periods for new subs! What's the point of even having a service if you can't try it out first? 
. I've been having a good time on Paramount+, binge-watching all sorts of great shows and movies, but now I hear it's gonna cost me more? Like, I get it, the new owners wanna make some cash, but an extra dollar or two per month feels like a bit too much 
. But still, it's a bit of a bummer for anyone looking to try out the service without breaking the bank 
. But let's be real, what's the point of having a gazillion hours of content if it costs an arm and a leg to stream it? 
meanwhile, i'm curious to see how this affects the whole streaming landscape... are we headed towards a world where only the wealthy can afford all the content? 
