Google-owned YouTube TV (GOOG, GOOGL) is elevating the costs of its month-to-month subscription plans, with plans rising to $82.99 monthly up from the prior $72.99.
“We do not make these choices evenly, and we understand this has an impression on our members,” YouTube wrote in an e-mail to prospects.
The firm stated the rise comes amid the “rising price of content material and the investments we make within the high quality of our service.”
YouTube TV, the web pay-TV service that permits viewers to look at stay channels and entry native broadcast networks like ABC, CBS, FOX, and NBC, launched in 2017. Since then, its breadth of content material, in addition to its value level, has made it engaging to shoppers searching for a less expensive alternative for his or her cable packages.
According to Nielsen’s newest TV viewing report, YouTube, which additionally consists of the primary digital platform, notched one other consecutive month because the most-watched streaming service on tv screens in the course of the month of November.
In whole, YouTube captured 10.8% of whole US TV viewing, up from the prior-year interval’s 9%. It additionally delivered a large beat in comparison with Netflix’s 7.7% market share.
Other à la carte streaming platforms have additionally raised costs this yr.
Disney (DIS) hiked the costs of its numerous subscription plans in October, whereas Comcast’s (CMCSA) flagship streaming service, Peacock, applied value hikes in July, simply forward of the 2024 Paris Olympics.
And in June, Warner Bros.’ (WBD) Max streaming platform raised costs for its ad-free streaming plans, additionally forward of key programming: the second-season debut of its blockbuster “Game of Thrones” prequel, “House of the Dragon.”
