Amazon Prime Adds Monthly Subscription Plan, Competes With Hulu and Netflix

Amazon introduced a new pricing option for its “Prime” service this week — $7.99/month instead of the normal $79.99 a year. While basic math lets consumers know that the monthly price is more steep in the long run, the new subscription option seems to be an effort to compete more directly with Hulu and Netflix, both of which offer monthly plans at exactly the same price. Originally, Amazon Prime was a way for avid book buyers to…

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