Paramount Plus had amazing success with its launch earlier this year. Now, for the first time ever, subscribers are facing a price increase.
The content provider, owned by ViacomCBS, will raise its subscription fees to reflect the new content it has recently added. Starting September 1, the basic package for Paramount Plus in the United States will now cost $10.99 per month, up from its previous price of $5.99 per month.
However, this price includes much more than the original offer. Subscribers will now be able to access all of their favorite shows and movies on demand, including premium content from CBS All Access, Nickelodeon, MTV, BET, Comedy Central, and of course, Paramount Pictures.
In addition to new content, Paramount Plus subscribers will also have access to live sports and news. This feature was previously only available as part of a more expensive plan.
The price increase isn’t a surprise to most subscribers. Paramount Plus has been making significant investments in content since its launch earlier this year. In the past few months alone, the platform has added a number of high-profile movies and TV shows, including Yellowstone and The World According to Jeff Goldblum.
Despite the increase, Paramount Plus is still one of the more affordable streaming services on the market. Others, such as HBO Max and Disney+, still cost substantially more, but do not offer as much content.
It remains to be seen how many subscribers will continue on with the new price. Some may be dissuaded by the increase, but those who can take advantage of the additional content, sports, and news may be more inclined to stick around.
Paramount Plus Price Increase Coming For Subscribers For First Time
Paramount Plus, a popular streaming platform, is raising prices on subscriptions for the first time in its history. Subscribers, both new and existing, should expect to see an increase in their monthly cost starting in March 2021.
Reasons for Price Increase
Paramount+ is increasing prices in order to fund its ever-expanding catalog of original and exclusive content. The streaming service offers a wide selection of hit Paramount Pictures films, original series, and exclusive programming from the ViacomCBS family and beyond.
Price Increase Details
The prices of subscriptions are expected to rise on the following tiers:
- Movies + Live TV – currently $5.99/month and will be going up to $7.99/month.
- Limited Commercials – currently $7.99/month and will be going up to $9.99/month.
- No Commercials – currently $9.99/month and will be going up to $12.99/month.
Timeline of Price Increase
The pricing change will affect all subscribers starting in March 2021. New subscribers that sign up after this date will have to pay the new prices. For existing subscribers, the new prices will take effect on their next billing cycle once the new prices are in effect.
Other Changes
Paramount+ has also limited the number of concurrent streams to 3 screens at a time. Previously they allowed up to 4 concurrent streams. This change will affect all subscription tiers.
Conclusion
Subscribers to Paramount Plus should prepare for a price increase starting in March 2021. The new prices of $7.99, $9.99, and $12.99, depending on the subscription tier, are expected to take effect for both new and existing customers. Paramount+ is also simultaneously limiting the number of concurrent streams to 3 screens at a time.
