PlayStation Vue is raising prices for all of its plans (updated)

Another year, another price hike for the PlayStation Vue TV-streaming service. On Monday, the company announced that it was raising the prices of all of its multi-channel plans by $5 per month. The change will be effective starting today for new subscribers. Existing subscribers can expect the price increase in their billing statements on or after July 31st.

Since the costs of content increase yearly, the price hike is somewhat expected; PlayStation Vue raised its prices in a similar fashion last summer. Other streaming providers like YouTube TV, Netflix and AT&T's DirecTVNow raised their rates earlier this year. Hulu coped with the higher costs of content by lowering the price of its basic service but increasing the cost of its live TV bundles.

For the rest of 2019, PlayStation Vue subscribers will have to pay $50 per month for the Access plan, $55 per month for the Core plan, $65 per month for the Elite plan and $85 per month for the Ultra plan. While the price increase may be nominal for some subscribers, for others it could be a good excuse to jump ship. Cord Cutters News reported today that PlayStation Vue was able to renew most of its content deals. Last month the company was stalled in renewal talks with AMC, Discovery, NBC Universal and Turner. So if you decide to stick with PlayStation Vue, you can be rest assured there will no blackout periods.

Update 7/1 6:55PM ET: Sony appears to have renewed its content deals with networks.