Here's What Sony Says About PlayStation Plus' recent price hike

The added membership tier as well as the recent market conditions are to blame for the price increase.

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Sony raises PlayStation Plus prices by $40 extra like it's no big deal

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Stiix: Enter the Spider-Mario on X: Hold the fuck up ps plus is going up 30% !? Are you kidding @PlayStation? This is a shame. After establishing a dominant market position, Sony

Sony denies access to cheap PlayStation Now deal to prevent savings

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PlayStation Plus: Everything You Need to Know as Sony Makes Big Changes - CNET