On March 4, 2021, CBS All Access will officially become Paramount+. During a virtual investor event, ViacomCBS announced how the streaming service will be priced—and it's surprisingly competitive.

What Is Paramount+?

As we previously reported, CBS All Access is rebranding as Paramount+ on March 4, 2021. Existing customers will be transferred to the new service.

It's a streaming service that will house original and old content from ViacomCBS.

Paramount+ will launch first in the US, Latin America, and Canada. The Nordics will follow soon after, with Australia planned for later in the year.

How Much Will Paramount+ Cost?

As announced at the ViacomCBS investor event, there will be two tiers for Paramount+.

The cheapest will cost $4.99/month and is supported by ads. This includes all Paramount+ originals, and a wealth of movies and TV shows from the company's library. However, this tier won't be available until June, and the $5.99/month pricing from CBS All Access will remain in place until then.

The other tier will cost $9.99/month and has no ads. This will include everything that the base tier has, but also live sports, news feeds, and CBS TV live.

Paramount+ original content will be available in 4K, HDR, and Dolby Vision, and will also support offline viewing.

What Content Will Paramount+ Have?

ViacomCBS announced an impressive line-up of original content that will be coming to Paramount+ at launch and beyond. Apparently, the service will have over 30,000 TV shows and 2,500 movies.

This includes a scripted drama based on the Halo video game series, Star Trek: Strange New Worlds, a new CG Rugrats series, a Frasier reboot, and more.

A full list of the exclusive content can be viewed on the Paramount+ Content Announcements PDF.

The company also revealed that many Paramount films will be available on Paramount+ around 30 to 45 days after the theatrical release, including A Quiet Place 2 and Mission Impossible 7.

It's not quite as aggressive as Warner Bros. and its same-day release of movies in theaters and HBO Max, but it's certainly a big selling point for the service.

Can Paramount+ Compete?

There's no shortage of streaming services available. Netflix, Amazon Prime Video, Disney+, Hulu... the list goes on.

Viacom CBS has 19.2 million subscribers across its CBS All Access and Showtime platforms. No doubt many of those will transition across to Paramount+, but the company needs to work hard if it wants to be a big player in the streaming space. Its competitive pricing and strong content line-up will go a long way to making that happen.