On June 25th, Gelunhui Media reported that media giant Paramount Universal announced that it will raise the subscription fee for its flagship streaming service to readjust its business and repay its debts. Among them, the Paramount+ Essential basic membership monthly fee increased by 2 US dollars to 7.99 US dollars, and the Paramount+ with SHOWTIME monthly fee increased by 1 US dollar to 12.99 US dollars. The price increase will take effect for new users on August 20th and for existing users on September 20th. According to an email cited by Reuters, the co-CEO of Paramount told employees in early June that the company will focus on transforming its streaming business, reducing costs, and divesting some assets to help repay debts. The exit of advertising clients and the reduction of cable TV business have hit the traditional TV business that accounts for more than half of its revenue.
派拉蒙流媒体服务订阅服务月费将涨价1至2美元
Paramount streaming subscription service will increase its monthly fee by 1 to 2 dollars.
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