Paramount+ prices are going up, whether you get Showtime or not
However, Paramount Global executives warned investors on an earnings call the company ran into significant"headwinds" in 2022 and that this won't be a"robust year" for profits. CEO Bob Bakish said that ,for Paramount+,"we are at peak investment in 2023."
Paramount Global expects to take a writedown of between $1.3 billion and $1.5 billion as an impairment charge as it merges Paramount+ and Showtime in the US. The writedown, according to chief financial officer Naveen Chopra, is"all about content, driven by the fact that when we combine Showtime and Paramount+, we don’t need the kind of content you would need if they were operating on an independent basis." The company hopes that the move will save it as much as $700 million.
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