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Sony Demands More Cash From Cord Cutters

Sony Demands More Cash From Cord Cutters
Prices for the PlayStation Vue service are being increased by $5 per month across the board.

(CCM) — Sony is bumping up the price of its basic PlayStation Vue live TV streaming service by more than 10% to $50 per month, with every subscriber seeing a price jump of $5 per month, The Verge is reporting.

The company said in an announcement that its price increases follow a review of what its competitors are charging, changes in the ecosystem, and the number of services offered, according to the report.

The company has recently added beIN Sports, the upcoming NHL Network, and ACC Network to its PlayStation Vue packages. This already includes HBO, FX, HGTV, ESPN, NFL Network, and over 650 local broadcast stations. The price increase will come into effect beginning in the first billing cycle on or after 31 July.

The move follows YouTube's announcement that its YouTube TV has raised its prices to $50 per month, after having added Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Animal Planet, Travel Channel, and MotorTrend to its roster.

Viacom has not yet begun offering its programming to internet TV services like PlayStation Vue and YouTube TV, but if and when it does then further price increases are likely.

Image: © Anton Watman - Shutterstock.com
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