Paramount Global has officially announced that their Paramount+ has completed it’s major rollout in Europe as it has now been launched in German-speaking Europe on Thursday, and is now available in 45 markets globally.
Paramount+ became available in France last week, and has plans in 2023 to launch across Asia, Africa and the Middle East, making the streaming newcomer an aggressive force as it enters the competitive landscape.
“I’m not going to lie: the current economic moment certainly means there have been headwinds,” Marco Nobili, executive vice president, international general manager at Paramount+, said, according to the Hollywood Reporter. “That said, in moments of economic downturns there is often a move back to more affordable entertainment, and we think our offer is well-positioned compared to other forms of entertainment.”
The Paramount+ German service is launching for 7.99 euro ($8.40) a month or 59 euro ($62.00) annually.
Nobili says is “incredibly good value for money” given the “mountain of entertainment” on offer. Nobili said Paramount+ is still on target to greenlight 150 international originals by 2025 and has a goal of reaching 100 million subscribers for its SVOD service by the end of 2024.