Why I don’t like Amazon Prime: The ‘fiscal cliff’
The fiscal cliff is set to arrive on March 1, and we’re already beginning to see signs that Amazon is starting to see some price drops.
The New York Times reports that Amazon will start dropping its price on the first day of the fiscal cliff, and that will help make up for the cuts Amazon made to its Prime Video program last year.
Amazon Prime will still be available for $99 per year for 12 months.
This isn’t a huge price drop, but it is an indication that Prime is starting its price fall.
As of now, Prime customers can buy unlimited movies, television shows, music, and games for only $99, but the company will also be lowering the price of its video service by $10 per month starting on March 15.
The company also recently reduced the price for its Prime music streaming service by nearly $20 per month.
Amazon’s Prime Video service has seen a dramatic rise in popularity since it debuted in October 2016, and it now accounts for more than a quarter of all streaming video on the internet.
Amazon isn’t the only company looking to raise its prices on Prime Video.
Other video streaming services such as Netflix and Hulu also recently started lowering their prices.
Amazon has already announced that it plans to drop its prices by $20 for Prime members over the next two weeks.
We hope that Amazon’s recent price drop will help to alleviate some of the financial pain it’s causing customers.