Paramount+ and Showtime are merging into one service

Paramount is merging the premium tier of its streaming service Paramount+ with its pay-TV channel Showtime in the U.S., creating one big entertainment Brundlefly. And just like the ill-fated Jeff Goldblum-insect hybrid, it will also do a bit of shedding.

Announced by Paramount CEO Bob Bakish in a memo to staff, the factually...