Amazon Takes On Netflix With Stand-Alone Video Streaming

NEW YORK (AP) — Amazon is taking on Netflix and Hulu with a stand-alone video streaming service.

         Customers can now pay $8.99 a month to watch Amazon's Prime video streaming service. Previously, the only way to watch Prime videos was to pay $99 a year for Prime membership, which includes free two-day shipping on items sold by the site. The video-only option won't come with any free shipping perks.

         At $8.99 a month, Amazon's stand-alone streaming service is $1 less than Netflix, and $1 more than Hulu.

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         Amazon is also offering a new pay-as-you-go option for its full Prime membership that costs $10.99 a month.

         Amazon.com Inc. shares slipped 0.1 percent before the stock market opened Monday. Netflix Inc. shares fell 1.3 percent.

 

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