Amazon boosts monthly fee for Prime by $2, maintains yearly rate [Reuters (UK)]
Netflix, Inc. (NFLX)
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Source: Reuters
Amazon boosts monthly fee for Prime by $2, maintains yearly rate | Reuters 3 Min Read (Reuters) - Amazon.com Inc ( AMZN.O ) raised the monthly fee for the U.S. version of its fast-shipping and video-streaming service Amazon Prime by $2 on Friday, making the case for subscribers to upgrade to an annual plan. It was the first increase of Prime fees in almost four years and comes at the end of another bullish year and holiday season for Amazon’s dominant online shopping platform. The move also follows a rise in fees by video streaming rival Netflix Inc ( NFLX.O ) in October. Amazon increased the fee for its monthly plan to $12.99 from $10.99, while maintaining the annual fee at $99. It also hiked the monthly subscription fee for college students to $6.49 from $5.49. “That’s good value, over time they’ve raised the price. I don’t think they will lose many members,” Tigress Financial Partners analyst Ivan Feinseth said. “Those who use it the most get the most value and won’t mind the h
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