Amazon RUINS Prime video with Major pricing and ad change - Summary

Summary

The speaker discusses Amazon's new Prime Video fee, expressing disappointment and skepticism about the added cost for ad-free viewing. They highlight the value of Amazon Prime memberships, mention the increase in pricing, and critique Amazon's reasoning for implementing the fee, stating that it may alienate customers and weaken their position in the streaming market.

Facts

Here are the key facts extracted from the text:

1. Amazon is adding extra fees to their Prime Video service.
2. This change will affect current Prime members.
3. The current Amazon Prime Video membership is around $8.99 a month in the US.
4. Amazon Prime memberships offer various benefits, including free delivery and access to Prime Video.
5. Amazon is introducing ads by default in Prime Video content.
6. To remove ads, users will have to pay an additional $2.99 per month.
7. This fee equates to an extra $36 per year for Prime members.
8. Amazon claims that the fee is necessary to invest in compelling content.
9. Amazon argues that even though they may initially lose money, they benefit from owning licensing rights to content.
10. Amazon had a losing year last year but considers Prime Video a loss leader to attract more Prime memberships.
11. The author believes that this move could alienate customers and weaken Amazon's position in the streaming market.

Please note that these facts are extracted directly from the text without including any opinions.