Tags: Entertainment | US | IT | retail | Amazon

Amazon Boosts Price of 'Prime' Membership to $99

Thursday, 13 Mar 2014 12:57 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Amazon is boosting the price of its "Prime" membership to $99 a year, a 25 percent jump for US customers seeking free delivery and access to the streaming video service.

The price hike unveiled Thursday is the first since Amazon launched the program in 2005.

"Even as fuel and transportation costs have increased, the price of Prime has remained the same. If you consider things like inflation and fuel costs, a Prime membership valued at $79 in 2005 would be worth more than $100 today," an Amazon statement said.

"Beyond that, we've gone from one million to more than 20 million eligible items for express shipping, added unlimited streaming with Prime Instant Video and books to borrow for free with the Kindle Owners' Lending Library. Plus, our members have a voracious appetite for Prime's unlimited free two-day shipping."

The Prime membership packages several services including a streaming video service which competes with that of rivals like Netflix, which charges $8 a month, or $96 a year.

Amazon hinted at the increase earlier this year when its chief financial officer said the company was studying an increase of up to $40 a year.

Amazon, which began as an online bookseller, now offers a range of products and services including e-books, Kindle tablets and e-readers. It is also a major provider of cloud computing services.

In its global operations, Amazon has programs similar to Prime at various prices, which are not affected by the change. For example, Amazon UK has a Prime service at 79 pounds and Amazon France Premium costs 49 euros annually.


© AFP 2014

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Judge Overturns Mississippi Same-sex Marriage Ban

Tuesday, 25 Nov 2014 21:52 PM

A federal judge has overturned Mississippi's ban on same-sex marriage, but he is putting his order on hold for two weeks . . .

Judge Rules Arkansas Ban on Same-Sex Marriage Is Unconstitutional

Tuesday, 25 Nov 2014 20:45 PM

A U.S. district judge ruled on Tuesday that an Arkansas constitutional amendment defining marriage as being only the uni . . .

Obamacare Architect to Testify on ACA's 'Deceptions'

Tuesday, 25 Nov 2014 20:12 PM

Obamacare architect Jonathan Gruber, whose comments citing the healthcare law's lack of transparency and mocking "the st . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved