It's betting that consumers are willing to add yet another paid streaming service in an increasingly crowded field.
โParamount+ has a mountain of challenges ahead of it," said Tim Hanlon, CEO of Vertere Group, playing off the Paramount+ tagline, โA mountain of entertainment."
CBS All Access, Showtime and BET+ now have nearly 30 million subscribers, some of who will shift to Paramount+.
ViacomCBS said some of the studioโs films, including โMission: Impossible 7โ and โA Quiet Place Part II,โ will go to its fledgling streaming service, Paramount+, after 45 days in theaters.
โIf they want to act like a second tier streaming service, they're doing a fantastic job."