FILE PHOTO: Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as it looks to recalibrate its business and pay off debt.
The revision in pricing comes at a time when merger talks between Non-Executive Chairwoman Shari Redstone and David Ellison's Skydance Media for a potential sale of Redstone's controlling stake in Paramount Global to the independent studio have failed, according to sources.
