Paramount+ will launch next month and officially take over the CBS All Access app, which initially failed to live up to expectations after its debut in 2019.

When the service begins streaming its featured content on March 4, customers will still see the CBS All Access pricing of $5.99 a month for the limited commercials plan.

However, starting in June, Paramount+ will offer two plans to customers in the U.S. The basic tier is expected to be offered for $4.99 a month, while the commercial-free plan will be $9.99 a month.

The basic tier, which is ad-supported, will feature live sports like NFL football, exclusive original content, and access to CBS News and CBSN. Meanwhile, the premium tier will feature additional live sports options, CBS Live TV, access to CBS Network News, and local CBS networks (basic will not have local options).

There will be a discount for yearly subscriptions as well. New customers who sign up for an annual subscription with limited commercials will receive one week free and pay $59.99 a year thereafter. 

The commercial-free plan will offer one week of free service and a price tag of $99.99 a year thereafter. The commercial-free plan also gives customers the option to download videos and play content offline.

For a limited time, Paramount+ is offering new customers that sign up for CBS All Access 50% off their first year when they sign up for an annual plan. The discount subscription will transition over to Paramount+ when it launches on March 4. 

To gain access to the deal, select a plan and the code “PARAMOUNTPLUS” will be automatically applied at checkout. Customers have until March 3 at 11:59 PM GMT to sign for the annual plan before the offer expires.

When Paramount+ finally launches, subscribers will be able to stream content from the movie studio as well as networks such as Nickelodeon, CBS, MTV, and BET. Customers will also have the option to bundle other networks like Pluto TV and Showtime into their plans.

The new platform will include revivals of "Frasier," "iCarly," "Rugrats" and more as well as originals that started on CBS All Access, such as "Star Trek Discovery" and "The Good Fight."

Paramount Plus streaming service CBS All Access will become Paramount+ on March 4. Photo: ViacomCBS/Paramount+