UFC Raises Prices Of Pay-Per-View Events

UFC announced Thursday their plans to raise the price of their monthly pay-per-view events by $5.

The company claimed the increase in PPV cost was done in an attempt to offset the rising cost of producing the live events.

Standard definition shows will now cost $49.99. High definition shows will run $59.99.

UFC officials issued the following statement to MMAJunkie.com regarding the price increase:
"In an effort to provide UFC fans with the best possible matchups and highest quality programmi