Paramount+ Price to Increase as Losses Peak and Company Sets $1 Billion-Plus Write-Down on Showtime Integration

Paramount Global is preparing to hike the monthly price of Paramount+ later this year, and the company disclosed its intent to take as much as a $1.5 billion write-down from the integration of Showtime with the streaming platform. Paramount Global’s Q4 earnings report added to the sector-wide pain felt by Big Media amid steep losses […]