The company also expects an impairment charge of $1.3 billion to $1.5 billion in the first quarter of 2023 as Paramount realigns its content strategy with Showtime.
Paramount Tops 77M Streaming Subs, Including 56M at Paramount+, Helped by 'Top Gun: Maverick;' Streaming Loss Widens to $575M
These price changes will apply to new and existing customers upon launch of the integrated Paramount and Showtime offering. Paramount CFO Naveen Chopra on the call also said that the company would see $289 million in payments for restructuring, merger-related costs and transformation initiatives for the full year.
The merged streamer’s price hikes come after other Hollywood giants have also boosted what their streaming services charge consumers as part of their focus on making them profitable.
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