As Paramount Global looks to push its streaming business into the black, it’s hiking the prices for most Paramount+ plans later this summer.
The price of the ad-free Paramount+ With Showtime plan will increase by $1, to $12.99 per month. The Paramount+ Essential plan (with ads) will increase by $2, to $7.99 per month for all new subscribers. The new pricing will be effective starting Aug. 20 for all new Paramount+ customers.
For existing Paramount+ With Showtime subscribers, the new price will go into effect with their next billing date on or after Sept. 20. Existing monthly subscribers to Paramount+ Essential will continue to receive their subscription at the current price of $5.99 — and pricing of annual subscription plans for both tiers will remain unchanged (Paramount+ With Showtime is $119.99/year; Paramount+ Essential is $59.99/year), according to the company. Meanwhile, current subscribers with the legacy Paramount+ Limited Commercial plan will see their price increase by $1, to $7.99 per month.
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