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Philo TV increases the price of its streaming plan to $ 25 per month for new customers

Philo’s budget streaming service is increasing the price of their TV set to $ 20. Starting June 8, it will cost $ 25 a month to access the service if you are a new customer, the company said. Limit. Current customers will not have to bear the cost of 25 percent of the cost price as long as they maintain their existing subscription. However, the company says it hopes to encourage those people to pay $ 5 more per month by expanding how much content they can save on their DVR storage. With the $ 20 bundle, the current limit is 30 days. Paying $ 5 more will allow you to keep something for a whole year. This is the first increase in the company’s prices since 2017 – even if in 2019 it is cut their plan the most price.

“It’s something we’ve been thinking about a lot,” said Andrew McCollum, CEO of Philo Limit. “We try to do it in the best way possible for our existing customers.” McCollum blamed the increase in programming costs over the price increase. There are no surprises. It’s something that has hit almost all TV streaming platforms. As just one example, the monthly price of YouTube TV has increased by $ 15 from April 2019 and almost doubled since Google launched the service in 2017. Similarly, Sony blamed expensive content and networking business when it announced its decision to PlayStation Vue shutter in 2019. Filo has mainly managed to avoid those same headaches by not offering sportswear, but he is also not immune to trends affecting the entire industry.

“We are relentless in our focus to keep our price low, so we do everything we can to reduce our costs while managing these rising costs,” McCollum wrote in a blog post. “Even with these efforts, we cannot compensate for these rising costs indefinitely, and this change reflects that reality.”

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