Vidostream | News, sport and opinion from the Vidostream's US Edition

https://vidostream.com

Amazon launches monthly video streaming service to rival Netflix

Netflix just got a brand new and extremely powerful competitor: Amazon.

On Sunday, the company launched a new, stand-alone service called Prime Video that will allow users to sign up for a monthly video streaming service for just $8.99.

SEE ALSO: The best tips and tools to get the most out of Netflix

 

That price is one dollar more than Netflix's lowest plan ($7.99) which lacks HD video, but a full dollar less than Netflix's popular Standard plan (HD included), which goes for $9.99. The service will include the ability to download shows for offline viewing according to the Wall Street Journal.

Like Netflix, Amazon has been aggressively developing its own original properties, includingTransparent and Man in the High Castle, but it still hasn't managed to garner the stunning success of Netflix hits like House of Cards, Orange is the New Black and Daredevil.

Nevertheless, this latest move f-rom the Seattle-based company indicates that Amazon is willing to be just as patient as Netflix was in developing what is becoming a real al-ternative to traditional network and cable television.

Another major shift for the online retailer now doubling as video streaming service is its decision to offer Amazon Prime as a monthly rather than yearly subscription feature. Now all users will be able to pay $10.99 per month for Amazon Prime with the option to turn it off and stop paying at any time.

Rolling the service out just before Netflix's Monday first-quarter earnings report is almost certainly strategic on Amazon's part. Now we get to see if Netflix has any quick and innovative responses to the new competition.

Have something to add to this story? Share it in the comments.

Author: Marshable

We are using cookies to give you the best experience on our website. By continuing to browse, you are agreeing to our Cookie Policy.
You did not use the site, Click here to remain logged. Timeout: 60 second