APPLE INSIDER
The forthcoming Paramount+ streaming service will launch with two prices, one of which is an advertising-supported version whose monthly cost has been reduced to match that of Apple TV+.

As previously reported, ViacomCBS will launch its rebranded CBS All Access under the name Paramount+ on March 4. Executives have now also revealed how they are re-pricing the new service, including decreasing the cost of the lower-price tier.
Source: APPLE INSIDER