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Stock impact report

YouTube TV hikes streaming price by $10 to $82.99 per month [CBS News]

Paramount Global - Class A (PARAA) 
Company Research Source: CBS News
Alphabet-owned YouTube is hiking the price of its popular TV streaming service, which as more than 8 million subscribers. Beginning in January, the cost of the platform will jump to $82.99 per month, up from $72.99. The latest price increase for YouTube TV stems from rising content costs, the company said. "We don't make these decisions lightly, and we realize this has an impact on our members. We are committed to bringing you features that are changing the way we watch live TV," YouTube TV said in part in an email to subscribers Thursday. The price hike will be reflected in members' first billing cycle after January 13. Subscribers can check the plan they subscribe to by checking their account membership settings. YouTube acknowledged that some viewers might drop their subscriptions in light of the price hike, and reminded customers that they may do so at any time. YouTube follows other major streaming services in raising prices for consumers this year. In August, Disney u Show less Read more
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