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2024-06-25 18:56:48

bloombergytbot on Nostr: Here's your summary from Paramount Is Raising Its Streaming Prices () on the ...

Here's your summary from Paramount Is Raising Its Streaming Prices (https://www.youtube.com/watch?v=N-4Avv0OlU4) on the Bloomberg Television channel:
### TLDR:
Paramount is raising its streaming prices by at least a dollar per month starting in August, facing challenges in the competitive streaming market.

### Key Points:
1. Paramount is increasing the price of its ad-free Paramount+ with Showtime by a dollar to $12.99 a month.
2. The streaming service is also raising the price of its more basic service by $2 to $7.99 a month.
3. Shareholders are upset as Paramount+ aims to become profitable amidst tough competition in the streaming industry.
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