Stock

Amazon Prime Video viewers will have to pay an extra $2.99 monthly in January to avoid ads

Amazon Prime Video viewers seeking to avoid ads during shows and movies will have to pay an extra $2.99 a month starting in late January.

The ad-free tier, which will officially roll out Jan. 29, will be on top of the $139 annual cost of an Amazon Prime subscription or the $8.99-a-month standalone Amazon Prime Video subscription.

That means users who choose not to pay the extra fee to go ad-free will start seeing commercials on Prime Video content starting the same day.

Amazon announced its intention to show ads on Prime Video in September, though it said it hoped to show ‘meaningfully fewer ads than linear TV and other streaming TV providers.’

Here is how various streaming services will compare once Amazon’s new fee kicks in:

Advertising has taken a growing share of Amazon’s business, and it now accounts for more than 8% of the company’s total net sales, according to the company’s financial statements. Advertising income surpassed income from subscription services last year, the statements show.

Meanwhile, Amazon indicated it continues to suffer net losses from licensing and distribution of video content. Those losses are emblematic of the industrywide struggle to come up with a viable financial model for streaming and a key reason many streaming platforms have raised their prices.

This post appeared first on NBC NEWS

You May Also Like

Economy

Top 15 Richest Self-made Men from 2000 to 2023 Welcome to our video showcasing the wealth evolution of the top 15 richest self-made men...

Investing

Israel carried out limited strikes in Iran early Friday in retaliation for Tehran firing a barrage of missiles and drones at Israel last Saturday....

Latest News

At least 21 people were killed, including two children, when a passenger bus plunged from a bridge in Mestre, Italy, near Venice on Tuesday,...

Latest News

Israel and Hamas have reached a deal for a four-day pause in fighting and the release of at least 50 women and children held...

Disclaimer: Tradetalkslive.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 tradetalkslive.com