Paramount to Raise Paramount+ Prices as It Combines With Showtime

Paramount Global said it would raise the price of its Paramount+ streaming service later this year, as mounting losses from its streaming business ate into the entertainment company’s quarterly profits.

Paramount+ gained 9.9 million subscribers in the fourth quarter, boosting its customer base to nearly 56 million, the company said Thursday. Paramount credited the National Football League, the expansion of franchises like “Top Gun: Maverick” and “1923,” a spinoff of “Yellowstone,” and new shows like “Tulsa King” for driving subscriber growth.