The PlayStation Vue live TV streaming service was closed a year ago. The service was launched just over four years ago, in 2015. It offers a variety of local and national live TV channels, as well as YouTube TV and Fubo TV. So why was it closed?
The increased cost of content and the lack of subscribers is the main reason PlayStation had to close PlayStation TV. They wrote about the increase in content because in 2015 when PlayStation Vue was launched, it cost $40 per month. But as the number of subscribers increased, content providers demanded more money for the rights to broadcast their programs.
PlayStation TV price hike
Eventually, PlayStation Vue had to raise the rates to 45 USD and they are now at $50 per month. Just like Philo TV, Sling TV, YouTube TV, and almost all live TV streaming services, I would like to clarify that the increase in the cost of cable and satellite TV services is not so much due to the fact that the TV provider wants more money. It is due to content providers, such as the major media companies that own ABC, NBC, CBS, Disney, and ESPN.
For those who had PlayStation TV, they were not billed after December 31, and the service was completely shut down on January 30. Sling TV has also been available for just over four years and during that time they have only had to increase their rates by $5 per month on one of their packages. Probably because of their good negotiation practices and selective channel selection. For example, they don’t broadcast CBS or ABC, probably because the parent companies are Viacom and Disney. They charge too much to be on a slingshot TV platform and the slingshot did not want to pass on the cost to their subscribers because ABC and CBS are available for free with an antenna in the air. There is no reason to pay for things that are free.
Goodbye Dear PlayStation TV
It is a little disappointing that PlayStation Vue has to close. It’s one less option for cable operators to get over-the-air TV networks. They were forced to pay for a cable subscription. However, we’re convinced that people will learn to live without certain channels. They can learn how it was supposed to be free with an over-the-air antenna. Don’t forget to share this article so that your friends and family can learn about how television services and streaming work.