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YouTube TV announces hike in its monthly rate

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YouTube has increased the price of YouTube TV to $64.99 a month.

Previously, the subscription was only $50 a month. The new monthly price is already in effect for new members.

Existing subscribers will see changes in their subsequent billing cycle.

YouTube claims that the hike reflects the rising cost of content.

The rise in price comes after the launch of eight Viacom CBS channels on the platform, including BET, CMT, Comedy Central, MTV, Nickelodeon, Paramount Network, TV Land and VH1.