ViacomCBS to launch streaming service Paramount+ on March 4, to compete with Disney+, HBO Max

Bob Bakish, president and chief government officer of ViacomCBS Inc., center left, and Shari Redstone, chair of VicaomCBS Inc., applaud staunch via the hole bell in occasion of the firm’s merger on the Nasdaq MarketSite in Unusual York, U.S., on Thursday, December 5, 2019.

Michael Nagle | Bloomberg | Getty Images

ViacomCBS acknowledged Tuesday this might perchance perchance even impartial launch its Paramount+ streaming provider on March 4.

Paramount+ will enter the streaming wars at a further and further crowded time. This shall be a part of rivals equivalent to Disney‘s Hulu and Disney+, NBCUniversal‘s Peacock, and WarnerMedia’s HBO Max as musty media companies embody streaming.

The firm’s stock turned into once down bigger than 1% in the premarket.

The firm’s most modern streaming provider, CBS All Win admission to, costs $5.99 month-to-month with ads and $9.99 month-to-month with out, despite the indisputable fact that all of the are living programming entails commercials. Beforehand, the firm’s chief digital officer, Marc DeBevoise, suggested CNBC pricing is no longer going to commerce. A spokesperson acknowledged we can ask to listen to extra on pricing on Feb. 24.

Paramount+ will offer recent snarl, as well to CBS All Win admission to’ existing offering of larger than 20,000 episodes and motion pictures from MTV, Nickelodeon, Comedy Central, BET, Paramount Photos, CBS, customary collection and further.

The firm acknowledged Paramount+ will debut in Latin The United States on March 4, the Nordics on March 25 and Australia in mid-2021. ViacomCBS is place of residing to file fourth-quarter earnings Feb. 24, when it’s anticipated to bring an clarify of its streaming procedure.

Disclosure: NBCUniversal is the parent firm of CNBC.

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