May 25, 2021
Philo TV is raising its price for new subscribers from $20 to $25 as of June 8, according to a blog from CEO Andrew McCollum.
Those subscribed to Philo TV before June 8 will keep their current package and their price won’t change, he wrote.
“As part of the new $25 package, we are also extending the time we keep recordings in our unlimited DVR from 30 days to a year, and existing subscribers can upgrade to this plan if they want access to the extended DVR,” he wrote.
In addressing reasons for the price increase, he wrote, “At Philo, we haven’t raised our prices since we launched more than three and a half years ago, even as we’ve continued to add content to the platform, so why do it now?
“As many of you know, our contracts with our content partners include fees we pay that go up every year, and a significant part of the cost of Philo is driven by our platform and billing partners. We are relentless in our focus on keeping our price low, so we do everything we can to reduce our overhead while managing these increasing costs. Even with those efforts, we can’t offset these rising costs indefinitely, and this change reflects that reality. Still, we have chosen to make this transition in a way that allows our existing subscribers to keep the package and pricing they currently enjoy, while new subscribers gain the added value of the newly extended DVR.”