PlayStation Vue price hike will make subscribers see a $5-per-month price increase, Sony announced today. New subscribers to Sony’s over-the-top TV service will see higher costs across all pricing tiers, meaning basic plans will rise from $45 to $50 per month. Current subscribers will start paying the higher price after July 31st. The increase comes from a recent review of what competitors are charging for content, changes in the ecosystem, and the number of services offered, according to Sony’s blog post on the announcement.
“With costs rising each year for content, we constantly evaluate each deal to ensure we continue to deliver the content you want while considering the overall value of each package,” Sony said in a blog post. “After reviewing this, we have made the decision to raise the price of all of our multi-channel plans by $5. This change starts today for new customers. Our existing customers will keep their current price for at least 30 days and will see the new price beginning on their first billing cycle on or after July 31.”
PlayStation Vue price hike isn’t the only live TV streaming package that’s got an increase: YouTube TV, which offers similar paid TV packages with a bundle of channels, raised its monthly fee to $50 a month (or $55 a month for those subscribed through Apple). However, that was due to YouTube TV adding Discovery’s network lineup (Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Animal Planet, Travel Channel, and MotorTrend) to its offerings.
Sony also added beIN Sports, alongside the upcoming NHL Network and ACC Network to its Vue packages. This means more national games from the NHL and other leagues will be available, but it also means the cost of operating a service like Vue is naturally going to increase. In this case, that’s translating to higher prices for consumers. More networks are adding their rosters to internet TV services, but there are many — like Viacom — that aren’t making the move to digital just yet, so future price increases like are certainly a possibility.