News

Amazon hikes Prime membership fee

Amazon hikes Prime membership fee

PRIMED FOR PRICE INCREASE: It's the first price increase since the online retailer introduced its Prime membership program in 2005. The company said it would probably raise the price in January. Photo: Associated Press

NEW YORK (AP) — Amazon is raising the price of its popular Prime membership to $99 per year, an increase of $20.

It’s the first price increase since the online retailer introduced its Prime membership program in 2005. The company said it would probably raise the price in January.

The hike will apply to users when they renew their membership.

Amazon has spent heavily to grow its business and expand into new areas, from movie streaming to e-readers and groceries. Prime membership also includes two-day free shipping on many products.

In an e-mail Thursday to members, the Seattle company stressed that it has not raised the price on Prime in the 9 years since its launch, even though shipping costs have increased and it has added new services, such as video streaming.

Latest Stories

5 hours ago in Music

Don McLean pleads not guilty in domestic violence case

donmclean

The "American Pie" singer was arrested last month.

5 hours ago in Entertainment

Hugh Jackman had skin cancer – again

hughjackman

The "X-Men" star is recovering after his fifth skin cancer surgery in two years.

7 hours ago in Music

Lemmy to be immortalized outside his favorite bar

lemmy

A fundraising campaign is underway to pay for a life-sized Lemmy statue at the Rainbow Bar & Grill in L.A.