Philo raises basic streaming fee | OTT | News | Rapid TV News
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Mirroring moves made by rivals Hulu, YouTube TV, Sling TV and most significantly of all Netflix, the Philo streaming service is to shutter its $16 per month price tier and from 6 May 2019 will offer services at $20.
Philo 23April2019
Founded eighteen months ago with investment from A+E Networks, AMC Networks, Discovery and Viacom, and claimed to be the industry’s first entertainment-focused streaming TV service, Philo offers live TV, unlimited DVR, on-demand options and content from top programmers through browsers, Amazon Fire TV, Apple TV, Roku, iPhone app and Android via Chrome, as well as more than 35 participating TVE apps.

Philo has programming agreements and investment from the principal investors as well as additional funders including CBC New Media, NEA, Rho Ventures and Xfund.

Philo’s entry level package used to offer 40 TV channels, principally those supplied by the forum investors, and will now transition customers to the 58-channel offer at the higher price point.

Explaining the rationale for the price increase, CEO Andrew McCollum said: “ At Philo, we care deeply about creating the best TV experience possible at an affordable price. Since we launched 18 months ago, most of the other companies in our space have raised their prices, in some cases multiple times. Still...when we looked at all of the costs of operating Philo—which increase over time—consolidating into a single $20 package was the best way for us to maintain the same offering we have today without raising prices for everyone, or having to cut back in places we strive to excel, like our customer support.”