Funimation Entertainment announced on Thursday that it is cancelling its SubPass subscription service. In addition, the company is launching a "FunimationNow Premium" subscription service in place of its All-AccessPass.

FunimationNow Premium costs US$5.99 a month or US$59.99 a year. Funimation's All-AccessPass previously cost US$7.95 per month or US$59.95 per year prior to a February update that raised the monthly rate to US$7.99.

The SubPass subscription service, which launched in January 2015, allowed for subtitle-only viewing for US$4.99 per month. Funimation is now moving subtitled versions of "many" of its shows to Crunchyroll as part of the two companies' recently announced partnership.

Thanks to Tim Maloney for the news tip.