Paramount+ to Increase Prices Again In Cost-Cutting Iniative After Failed Merger

As streaming services continue to compete with one another amid a competitive market, one major is raising prices for users once again amid a potential company-wide mega-merger.

On Monday, Paramount+ announced that it would begin hiking prices for the second summer in a row, effective August 20.

Paramount+ with Showtime (ad-free version) will increase by $1 to $12.99 per month while Paramount+ Essential (with ads) will increase by $2 to $7.99 monthly.

Related: ‘I’m Smarter Now…But Also Poorer’: Warren Buffett Says Berkshire Hathaway Ditched Its Entire Stake in Paramount at a Big Loss

Those who are already subscribed to Paramount+ With Showtime will see their monthly price increase on their next billing date

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