It will provide an "enhanced viewing experience" and cost from £4.99 per month with no contract.
TVPlayer, which is available on iOS, Android, Amazon Fire TV, Mac and PC, will remain free. The subscription service will be available on some Smart TVs, the Amazon Fire TV Stick and Google Chromecast.
Users can live stream an additional 25 channels including Gold, Alibi, Watch, Good Food and National Geographic Channel. However the UKTV channels will only be available on iOS, Android and PC. TVPlayer offers 55 channels.
Adam Smith, the founder and chief executive at Simplestream, which owns TVPlayer, said: "TVPlayer has seen significant success to date with over half a million people now watching TV over-the-top each week on our service.
"Similar to what Netflix has done for movies and Spotify for music, TVPlayer Plus aims to offer a simplified viewing experience of traditional and premium television content. One that works with the devices you already have and lets you pause, modify or cancel your subscription whenever you like."
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