Amazon Takes Aim at Netflix With Prime Pricing Change
Nov 6th 2012 12:05PM
Updated Nov 6th 2012 12:08PM
Amazon.com (NAS: AMZN) is now offering Prime, its premium shipping service that also bundles unlimited streaming, for $7.99 a month. A reader at the news site Hacking Netflix first reported the find yesterday:
With the change, what had been a $79-per-year membership is now being sold at the same price Netflix (NAS: NFLX) charges for its streaming service here in the U.S. Hulu Plus, the premium streaming service cooperatively operated by Comcast (NAS: CMCSA) , News Corp. (NAS: NWS) , and Walt Disney (NYS: DIS) , also charges $7.99 monthly .
Paying $7.99 a month for a year would cost $95.88. TechCrunch reports that it appears those who pay $79 annually for Prime now, or new members who wish to sign up for a year's subscription and save $16.88, may continue to do so.
The article Amazon Takes Aim at Netflix With Prime Pricing Change originally appeared on Fool.com.Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Netflix and Walt Disney at the time of publication. He also had a long-term call options position in Netflix. Check out Tim's web home, portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader. The Motley Fool owns shares of Amazon.com and Netflix. Motley Fool newsletter services have recommended buying shares of Netflix, Walt Disney, and Amazon.com. Motley Fool newsletter services have recommended creating a bear put ladder position in Netflix. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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