Amazon is to increase the price of its Prime subscription for UK customers

Amazon has announced that it will hike the price of its Prime delivery and streaming service for UK customers, blaming ‘increased inflation and operating costs’.

The US technology giant said it will increase the price of Prime from £7.99 each month to £8.99 from September 15 for new customers, or on the date of the customer’s next renewal.

Annual membership will increase from £79 to £95 per year in the UK.

Amazon offers free unlimited delivery, entertainment streaming and live sport through its Prime subscription service.

A spokeswoman for the company said: ‘Prime offers the best of shopping and entertainment, and continues to improve each year.

‘We have increased the number of products available with fast, unlimited Prime delivery, recently added ultra-fast fresh grocery delivery, and have significantly expanded our high-quality digital entertainment, including TV, movies, music, games, and books.

‘With increased inflation and operating costs in the UK continuing to rise, we will change the price of Prime.’

Amazon has announced that it will hike the price of its Prime delivery and streaming service for UK customers, blaming ‘increased inflation and operating costs’

NEW AMAZON PRIME PRICES

From September 15 for new customers, or on the date of the customer’s next renewal, Amazon will increase the cost of its Prime subscription.

It will go up from £7.99 to £8.99 each month
Annual membership will increase from £79 to £95 per year in the UK

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Amazon has pumped billions of pounds into its streaming content in recent years, with original series such as The Boys and The Terminal List.

In September, the Prime Video platform will release The Lord Of The Rings: The Rings Of Power series, which cost an estimated £750 million in rights and filming costs.

The company is also investing millions into sports rights, having earlier this month secured the rights to show some Champions League matches from 2024, adding to its rights for 20 Premier League games each season.

The Prime price increase is the service’s first since 2014.

It comes months after Netflix increased basic and standard plans by £1 a month, while its premium plan was pushed £2 higher, only 18 months after a previous increase.

The streaming giant said the price changes would allow it to ‘continue investing in best in class UK productions’ and ‘offer a wide variety of curated quality shows and films’ to customers.

It comes months after Netflix increased basic and standard plans by £1 a month, while its premium plan was pushed £2 higher, only 18 months after a previous increase

The UK is Netflix’s biggest production hub outside the US and Canada, with a $1 billion dollar UK production budget in 2020.

Netflix’s decision to hike prices again came amid controversy over the cost of living in the UK, and sparked backlash from some users.

However, one user pointed out that the UK public can enjoy Netflix at a cheaper price than the TV licence, which costs £159 a year (averaging £13.25 per month).

Also, at £6.99 per month, Netflix’s basic package is still cheaper than some of its closest streaming rivals – Disney+ and Amazon Prime (both currently £7.99 per month).