Amazon is raising its monthly Prime prices by almost 20 percent
Amazon Prime—a.k.a. the only streaming service whose offerings include The Man In The High Castle, Transparent, and free shipping any time you buy a new pair of headphones or a bag of dog food from the internet—is about to get a little more pricey. For some users, at least: Recode reports today that the service is bouncing its monthly pricing up from $10.99 to $12.99, an increase of 18 percent that bumps Prime’s annual cost up to $156 a year for month-to-month users.
The pricing change won’t affect the company’s annual plan, which will continue to cost $99 a year. It’s still rough news for the low-income customers the monthly rate was designed to target, though, ones who couldn’t necessarily justify a single hundred-dollar lump sum for a year of TV streaming and inexpensive shipping. It also pushes the service’s price well above the $10.99 monthly rate being charged by its chief competitor, Netflix.
The change comes as Amazon’s video production side seems poised for a big (and expensive) change in its programming strategies; the company just canceled a number of low-budget TV products, and is reportedly hunting around for big, flashy TV shows and movies to round out its library of content.