Paramount Global is integrating Showtime into its Paramount+ service
According to the reports, the streaming service Paramount Plus and the premium channel ShowTime are going to be merged. ShowTime will now be known as Paramount Plus, as the firm’s Chief Executive officer, Bob Bakish, announced in a note to company employees.
In a message that was made on Twitter, Paramount acknowledged the upcoming transition and referred to it as the natural next step in our journey.
The company also has plans to transfer select original content from Paramount Plus to the television network. This content may include shows such as Yellowstone spinoff 1923 and Halo.
Bakish has stated that the move brings uncertainties for the groups working on these brands and businesses, and he has also stated that he will provide further details in the upcoming weeks.
In addition to the risk of staff layoffs, Deadline adds that as part of the consolidations, some shows such as Let the Right One In, American Gigolo, and Three Women could be cancelled.
According to the report, programs that are removed from Showtime will be made available for purchase by other networks. However, the details of what will occur to the previously aired episodes of each series remain unknown.
As a result of the adjustment, the premium Paramount Plus plan that costs USD 9.99 per month will now be known as the paramount with the showtime plan instead.
Due to the fact that Paramount Plus already provides packaged plans with Showtime, it is currently unknown how much the additional tier will cost.
At the moment, the cost of the monthly subscription to the essential plan with Showtime is USD 11.99, while the cost of the subscription to the premium plan with Showtime and local CBS networks costs USD 14.99 per month.