PlayStation Plus Subscribers Face Price Hikes
Sony cites 'market conditions' for increases on monthly and three-month subscriptions.
Quick Look
- PlayStation Plus is increasing prices for monthly and three-month subscriptions in some regions, citing market conditions.
- The changes take effect May 20 and do not affect current subscribers unless their plan changes or lapses, except in Turkey and India.
AI-generated summary
Why It Matters
PlayStation is increasing the price of its Plus subscription service, citing market conditions. This follows a previous price increase for the PlayStation 5 console and comes as the broader video game industry faces supply chain issues and rising component costs.
PlayStation Plus subscribers will be hit with price rises in some regions, the gaming company has said, citing "market conditions".
A basic monthly subscription to the gaming service will rise by £1, $1 (75p), and €1 (87p) to £7.99, $10.99, and €9.99 respectively. Meanwhile, a basic three-month subscription will go up by £3, $3, and €3 to £21.99, $27.99, and €27.99 respectively.
PlayStation did not specify where the rises would apply, but said they do not apply to current subscribers, except in Turkey or India, unless the existing subscription changes or lapses.
The rises will take effect on Wednesday 20 May and come just a few months after the company increased the price of a PlayStation 5.
There are three tiers of subscription: Essential, Extra, and Premium. All have different pricing for monthly, three-month, and yearly options.
PlayStation did not say whether there would be any price increases for the other subscription tiers or what might happen to the 12-month subscription.
Some on social media reacted angrily to the announcement, with one person writing: "Online games should be free to play... doesn't even make sense we have to pay to play online."
Another said: "Are the 'market conditions' in the room with us?"
The video game industry has been hit with supply problems due to the US-Israel war with Iran and the price of memory chips has skyrocketed because of the artificial intelligence (AI) boom.
In March, PlayStation, which is owned by Sony, the PlayStation 5's price would rise by £90 in the UK and by $100 in the US due to "continued pressures in the global economic landscape".
PlayStation's rival Nintendo also announced this month that it will hike the price of its Switch 2 console $449.99 to $499.99 in the US, and €469.99 to €499.99 in most European countries.
Nintendo told BBC Newsbeat a revised price for the UK – where a Switch 2 currently costs £395.99 – would be confirmed at a later date.
Meanwhile, sales of the PlayStation 5, which was launched in 2020, fell in the past year, owner Sony said earlier this month.
However, PlayStation and Xbox are still expecting a lucrative year with the launch of Grand Theft Auto 6, which is expected to be one of the fastest-selling video games of all time.
Open Questions
- In which specific regions will the price rises apply?
- Will the 12-month subscription price also increase?
- Will prices for the Extra and Premium tiers also be affected?
- What are the specific 'market conditions' driving these price increases?
