The streaming service will launch at two separate pricing tiers: an ad-supported version that includes full breadth of Paramount movies, Paramount Plus originals, a “massive portion of library,” according to streaming CEO Tom Ryan, and current seasons of CBS shows for $4.99. This is launching in June. The premium tier will have live sports supplemented with even more options, live CBS news feeds, and a live CBS TV experience for $9.99. The company will have more information about bundle options “soon,” according to Ryan.
Customers on premium CBS All Access plans should just automatically roll into Paramount Plus. By the time the ad-supported version of Paramount Plus launches, the $5.99 CBS All Access plan will no longer be offered, but existing customers on that plan will be grandfathered into All Access.
Paramount Pictures, in full Paramount Pictures Corporation, one of the first and most successful of the Hollywood film studios. It became a subsidiary of Viacom in 1994.
Paramount Pictures Corp. was established in 1914 by W.W. Hodkinson as a film distributor, offering Adolph Zukor’s Famous Players Film Company, the Jesse L. Lasky Feature Play Company, and other producers an outlet for their movies. In 1916 Zukor and Lasky merged their companies to form the Famous Players–Lasky Corporation and acquired Paramount to distribute their films. The new company, which continued to use the name Paramount as well, quickly rose to prominence by featuring such popular stars as Mary Pickford, Fatty Arbuckle, Gloria Swanson, Clara Bow, and Rudolph Valentino. Its early hits included the first “big western,” The Covered Wagon (1923), and The Ten Commandments (1923), a biblical epic directed by Cecil B. DeMille.
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