Philo has turn into the newest reside TV choice for cord-cutters hoping to skirt cable contracts to get a worth bump — however there’s a workaround for present subscribers.

Beginning June eighth, Philo’s month-to-month subscription price for incoming prospects will hike to $25 from $20. But those that are subscribed to the service earlier than that date will be capable of maintain their plans on the present price with no change, Philo CEO Andrew McCollum stated in a Tuesday announcement on the corporate’s weblog. To offset the worth improve, Philo can be growing its limitless DVR storage interval to a full yr, up from 30 days, and current prospects who’d prefer to improve their storage will be capable of bump as much as the brand new worth tier in the event that they so select.

McCollum cited a rise in contract charges with content material companions as being behind the worth change. Philo is “relentless in our focus on keeping our price low,” McCollum stated, however the firm “can’t offset these rising costs indefinitely, and this change reflects that reality.”

Philo’s hardly the one cable various of late to get a worth hike. Other reside TV cord-cutting companies which have seen their subscription costs rise during the last couple of years embrace Fubo TV, Hulu with Live TV, and YouTube TV, all of which presently begin at round $65 monthly earlier than any further premium add-ons.

Philo reported final November that it had reached 800,000 subscribers, which means it’s considerably smaller than bigger reside TV companies like YouTube TV and Hulu with Live TV, each of which have subscriber figures within the tens of millions. It hasn’t technically seen a worth hike since its launch again in 2017 (although it did initially provide a less expensive “skinny” tier that price $16 monthly earlier than the plan was axed in 2019). And at $25, it nonetheless stays one of many most cost-effective methods to entry reside and linear TV, significantly given its limitless DVR and 63 reside channels.

But with Philo, you can be lacking out on some premium options accessible on different companies. For instance, the service doesn’t embrace devoted reside sports activities channels, however a few of its channels do often run reside sports activities programming. It additionally lacks native information channels, and its reside channels solely stream in 720p decision whereas on-demand programming streams in 1080p. Philo additionally doesn’t have originals, although a spokesperson informed The Verge that unique programming “is something we may consider in the future.”

If you’ve been contemplating a Philo subscription, now’s the time to get it. June eighth is swiftly approaching, and that additional $5 a month begins so as to add up — significantly when accounting for any variety of different subscriptions it’s possible you’ll already be paying for.