Amazon.com (NASDAQ: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 (NASDAQ: NFLX) charges for its streaming service here in the U.S. Hulu Plus, the premium streaming service cooperatively operated by Comcast (NASDAQ:CMCSA), News Corp. (NASDAQ:FOX), and Walt Disney (NYSE: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.
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.
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