Paramount Global Class B Share News

After rejecting Skydancer's offer to merge two weeks ago, Paramount Global new co-CEO troika of Brian Robbins, George Cheeks and Chris McCarthy told a packed company town hall of 500 at the studio's Melrose Lot Paramount Theater what progress has been made since the annual shareholders meeting three weeks ago, and what the company's path

Paramount Global (PARA) shares rose Monday afternoon as the company announced plans to raise the prices of its Paramount+ streaming service as it navigates a variety of takeover and merger offers that have surrounded Paramount in recent months.

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An exit by advertisers and cord-cutting have hammered Paramount's traditional TV business, which accounts for more than half its revenue.

Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as it looks to recalibrate its business and pay off debt.

Paramount Global has announced price increases for Paramount+ tiers with and without Showtime to take effect August 20, although the essential plan hike will only impact new subscribers. The company said the Paramount+ with SHOWTIME plan will increase by $1 to $12.

Paramount Global will raise the price of its flagship streaming service, Paramount+. The option with Showtime will increase by $1 a month, while the essential Paramount+ plan will rise by $2.

Paramount Global General Counsel Christa D'Alimonte has told colleagues she will be exiting the company at the end of the month. In an internal memo (read it below), D'Alimonte recalled her 25-year association with Viacom, first as a legal representative of the company and later as a staffer.