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Quick Tech News


by Alexander Fäh

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Paramount raises streaming prices after missing quarterly results

Paramount is raising streaming prices after failing to meet investor expectations.

Less revenue than expected; Image: Computer Bild

Paramount reported revenue of $8.13 billion, though $8.16 billion was expected, according to Refinitiv Data. The CBS owner reported a sharp decline in advertising revenue in recent months.

Paramount+ gained 9.9 million subscribers in the last quarter. The main reason for this increase may have been the movie "Top Gun: Maverick." The company will be putting a clear focus on the streaming service.

Prices are being raised accordingly. Instead of $9.99 per month, the subscription now costs $11.99.


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