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.

Recent Headlines

in Entertainment

Jon Stewart prepares to sign off

Fresh
15-overlay2

After 15 years, the comedian will bid farewell as he hosts his final "Daily Show."

in Entertainment

Tom Cruise’s ‘Rogue Nation’ dominates weekend box office

20-overlay

It's the third largest movie opening for Cruise, following the $64.9 million launch for 2004's "War of the Worlds" and $57.8 million for 2000's "Mission: Impossible 2."

in Viral Videos

Epic Pomeranian puppy sneeze

14-overlay2

There are worse ways you could spend a few seconds of your day.

in Music

Lynn Anderson dead at 67

14-overlay1

The Grammy-winning "Rose Garden" hitmaker is considered a pioneer for women in the genre.

in Music

WATCH: Dolly Parton returns to Music City

24-overlay

After a 12 year absence, the country legend returned to the Ryman Auditorium in Nashville Tennessee.