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Sony Stock Rises After PlayStation Plus Subscription Gaming Price Hike

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Jul 02, 2023

Sony Stock Rises After PlayStation Plus Subscription Gaming Price Hike

Sony Group Corp. rose its most in more than a month after hiking the price of its core gaming PlayStation Plus subscription service by roughly a third, potentially shoring up its bottom line. The

Sony Group Corp. rose its most in more than a month after hiking the price of its core gaming PlayStation Plus subscription service by roughly a third, potentially shoring up its bottom line.

The gaming and entertainment giant will now charge as much as $159.99 annually for the premium tier of the popular service, required for multiplayer gaming as well as free downloads. That follows main rival Microsoft Corp., which hiked fees for the similar Xbox Game Pass service over the summer. Sony’s shares gained as much as 3.4% in Tokyo on Friday.