Amazon Tests $7.99 Monthly Option for Prime to Compete With Netflix

Amazon has bulked up the video streaming selection on its Amazon Prime subscription service in recent years to take on companies like Netflix and Hulu, but even with the improved selection, the pricing of the service has been a sticking point for some consumers. Now, it appears Amazon is looking to change that.

The e-commerce giant has begun testing a new $7.99 monthly subscription option for Prime -- the same price Netflix charges for its streaming-only option --includes streaming for thousands of movies and TV shows, the ability to borrow thousands of e-books for free and two-day shipping on Amazon orders.Until now, the only pricing option Amazon offered was a $79 annual rate.…
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