J.P. Morgan and Morgan Stanley will act as joint book-running managers.
In June, the service will kill the $6 plan and introduce a new $5-per-month ad-supported tier.
Like many of its streaming peers, Paramount+ will offer exclusive programming available only on its service.
Photo: Catie Keck/Gizmodo
And funding that programming, of course, will take money.
But its not exactly a great sign, either.
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