With little warning, PlayStation has hiked the cost of its TV streaming deals

Bad news for cord-cutters.

There's some bad news for cord-cutters on Monday morning, with PlayStation suddenly hiking the cost of its TV streaming packages through its PlayStation Vue service.

Subscriptions to the streaming service, which can be accessed via the PlayStation 3 and 4 or through some streaming devices like Roku or the Amazon Firestick, are rising $10 judging by the latest prices on the PlayStation Vue website.

This $10 hike has been placed on all of PlayStation's four packages, so the new prices look as follows:

  • Access: Was $29.99, now $39.99.
  • Core: Was $34.99, now $44.99.
  • Elite: Was $44.99, now $54.99.
  • Ultra: Was $64.99, now $74.99.

PlayStation's most basic package, the Access, gives subscribers 47 channels including Fox Sports 1 and 2, AMC, HGTV and Food Network, while the most expensive package gives subscribers around 100 channels.

The news will come as a blow for those looking to shed their cable TV packages in favor of an online streaming package, and the move by PlayStation comes amid some stiff competition in the burgeoning market with competitors like Sling TV, DirecTV Now and YouTube TV all jockeying for market share.

GoMN's money-saving column, The Tip Jar, has compared the prices of online streaming packages with what you can get from cable subscriptions.

According to CordCutters News, PlayStation Vue subscribers who signed up before July 6 will be given three months where they will still pay at their current rates, before their monthly payments rise $10.

PlayStation Vue's Access package was one of the cheapest on the market, costing less than the $35 basic packages offered by YouTube TV and DirecTVNow and has more channels than the $20 and $25 packages offered by SlingTV.

CNET reports Sony had been intending to increase the prices of its packages from the moment it launched its Vue service.

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