Paramount Is Considering Shutting Down Showtime and Migrating Its Content to Paramount+: Report
13th September 2022

Is the show going to be over for Showtime?

Paramount Global is having “early” discussions about shutting down Showtime as a standalone service and migrating Showtime’s slate of premium content into its flagship streamer, Paramount+, according to a Wall Street Journal report, citing anonymous sources. Paramount has “broached the idea” of shuttering Showtime in talks with “at least one major pay-TV partner,” per the report.

Reps for Paramount and Showtime did not immediately respond to a request for comment.

The Journal report comes less than a month after Paramount combined Paramount+ and Showtime into a single, merged service — letting subscribers access content from both streamers in one place — and offering discounts of up to 33% on the Paramount+/Showtime bundle through Oct. 2.

Showtime’s popular shows include “Billions,” “Yellowjackets,” “The Chi” and “Dexter: New Blood.” Fall premieres on the premium service include “American Gigolo,” “Let the Right One In” and the return of “Your Honor” and “The L Word: Generation Q.”

Content on Paramount+ includes original series like “1883,” “Halo,” “Star Trek: Discovery” and “Secret Headquarters” with upcoming originals this fall slated to include “Tulsa King,” “On the Come Up,” “Criminal Minds,” “Wolf Pack,” “1923” and the return of “The Good Fight” and “Seal Team.”

In announcing Q2 earnings, Paramount said that Paramount+ now has 43.3 million paid customers, a net add of 3.7 million for the June quarter (including 1.2 million disconnects in Russia). The company’s total streaming subscribers globally reached 63.7 million in the second quarter, a gain of 1.7 million; Paramount does not break out the number of subscribers for Showtime or its other direct-to-consumer services.

Meanwhile, Paramount recently inked a deal with Walmart under which Paramount+ is now available in the retailing giant’s Walmart+ membership program.

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