The days of eschewing cable in favor of live-TV streaming as a money-saving endeavor are quickly becoming a thing of the past. Why it matters: The initial promise of cord-cutting was a cheaper bill, but streaming prices are increasingly rivaling cable.

In an e-mail sent to its subscribers, YouTube announced that YouTube TV will soon have a 14% price hike. Here's what you need to know.

Alphabet-owned YouTube is hiking the price of its popular TV streaming service, which as more than 8 million subscribers. Beginning in January, the cost of the platform will jump to $82.99 per month, up from $72.99. The latest price increase for YouTube TV stems from rising content costs, the company said.