FuboTV Is Latest Internet TV Service to Hike Prices

Cord-cutters who thought they were getting a price break from “virtual” internet pay-TV services may be in for some sticker shock.FuboTV, as of Thursday (March 28), is increasing the subscription price of its base internet TV package for all subscribers by 22%, to $54.99 per month — up $10 from the previous $44.99 monthly for the package of more than 90 channels. In addition, Fubo Extra (with 110-plus channels) is rising by $10, from $49.99 to $59.99 per month (up 20%).According to FuboTV, the price hikes mark the first time in over a year it has raised fees. It has added multiple channels to the service in the last 12 months, including AMC, Cartoon Network, CNN, TBS, and TNT. In addition, FuboTV recently inked a distribution pact with Viacom, under which it will soon add BET, CMT, Comedy Central, MTV, Nickelodeon, and other networks to its packages. FuboTV’s price hikes come after AT&T raised the prices for all existing DirecTV Now subscribers by $10 per month (its second increase in less than a year), while discontinuing the previous plans and replacing them with two new bundles that include HBO but omit networks from A+E, AMC, Discovery and Viacom.