Paramount+ will increase in worth when mixed with Showtime on June 27

The identical week that Warner Bros. Discovery launched its merged streaming service HBO Max and Discovery+, Max, Paramount introduced the launch date of Paramount+ with Showtime. The newly built-in service will roll out to customers within the US on June 27.

As a part of the launch date announcement, the corporate additionally stated it plans to shut Showtime’s standalone app by the tip of this 12 months. In the meantime, the linear channel with Showtime can be renamed Paramount.

As the corporate introduced in February, Paramount+ will see a big worth enhance. The ad-supported plan, Paramount+ Important, goes from $4.99 to $5.99 per thirty days, and the ad-free tier, Paramount+ with Showtime, goes from $9.99 to $11.99. Regardless of each plans getting a worth enhance, the ad-free plan is the one one that mixes Showtime content material.

“By integrating the Showtime premium and acclaimed portfolio with the service’s already broad and widespread slate, all at a aggressive worth level, we are going to solidify Paramount+ as a cornerstone in streaming,” stated Tom Ryan, President & CEO of Paramount Streaming, in a press release on Monday.

Granted, the $11.99 price ticket is $4 cheaper than Max, which costs $15.99 per thirty days for its ad-free plan.

The corporate first introduced its plans to merge Paramount+ with the Showtime channel in January. Final 12 months, Paramount+ launched an in-app Showtime bundle that prices $11.99 a month with advertisements and $14.99 a month with out advertisements.

Earlier this month, Paramount had its Q1 earnings name, the place the corporate reported that with Showtime, Paramount+ is anticipated to generate roughly $700 million in future annual value financial savings. Nonetheless, combining the 2 providers additionally resulted in programming prices of $1.7 billion within the first quarter.

Paramount+ at the moment has 60 million subscribers.