New Delhi:- Paramount announced that they gained 700,000 new subscribers for Paramount+ during the second quarter of 2023. This increase followed the introduction of a subscription option that includes Showtime in June. This means that the number of people who subscribe to Paramount+ has increased to about 61 million, which is higher than the 60 million reported last quarter.
The new combined plan with Showtime costs $11. 99 per month and replaced the old ad-free plan from Paramount+ that cost $9. 99 At the same time, Paramount increased the price of its Essential ad-supported plan from $4. 99 to $599 The company said that more people are watching Paramount+ and Pluto TV, and the amount of time they spend watching has gone up by 35% worldwide.
Paramount Global made $1. 67 billion from its service for people who purchase directly from the company. Most of this money, $1. 23 billion, came from streaming. They also earned over $400 million from advertising.
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The boss of the company, Bob Bakish, spoke about how Paramount is planning to expand globally. He mentioned that they recently launched Pluto TV in Australia, which now has 50 FAST channels.
We have recently revealed that we are making Pluto TV available in Australia. In the future, we plan to introduce free versions of Paramount+ in some countries where ads will be shown. What is most important is that our idea is not only about technology," he said.
The company also mentioned that Pluto TV can now be used in 35 different parts of the world.
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In June, Paramount removed many shows from their collection, such as "Inside Amy Schumer" and several animated shows from Nickelodeon.
During a recent financial update, Paramount Global announced that it will be selling the Simon & Schuster publishing house to KKR for a sum of $1. 62 The company started selling the publication in 2020. The company had planned to join forces with Penguin Random House for a $2. 2 billion agreement, but the merger was stopped by a U. S authority The District Court receives a complaint from the Justice Department. Paramount's stock went up by around 5% after the regular trading hours.
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In the second quarter of 2023, Paramount gained a lot of new customers for its new streaming service called Paramount Plus. The total number of subscribers has now reached 61 million worldwide.