Paramount CFO suggests future price hikes for Paramount+ to achieve profitability by 2025.
Paramount CFO Naveen Chopra hinted at future price hikes for Paramount+, citing the need for streaming services to become profitable amid shareholder pressure. Last week, Paramount reported narrowed streaming losses of $490m in Q4, and expects its streaming service to reach profitability in 2025. Paramount increased its subscription price last year by $2, and raised the price of its ad-supported tier by $1.
March 06, 2024
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