Philo will raise its monthly price, for new subscribers only, by $5 as of June 8, CEO Andrew McCollum announced in a blog post.
The increase, from $20 to $25, is will be the first since the livestreaming TV service was launched three-and-a-half years ago.
Those who become subscribers prior to June 8 will still get the lower rate.
As a value-added with the higher price, Philo will extend the time it keeps recordings in unlimited DVR from 30 days to a year. Current subscribers can opt to upgrade to the higher-priced plan to get the extended DVR.
McCollum said that despite the company’s “relentless” efforts to keep its price low, managing costs cannot indefinitely cover the annual pricing increases that content and billing partners pass on to Philo.
Philo, which offers 63 channels from partners including AMC Networks, Discovery and ViacomCBS, reported 800,000 subscribers as of November 2020—up 300% year-over-year.
At the end of March, T-Mobile announced that it was shutting down its five-month-old TVision Live and TVision Vibe streaming services, to instead offer similar services through partnerships with Philo and YouTube TV as of April 29.
T-Mobile customers who subscribed to TVision Live, Vibe are now eligible for a $10 discount on the monthly fees for Philo, the base live-TV service option, or YouTube TV, the premium option (normally $64.99 per month).