Amazon is bumping up the prices of its Amazon Music Unlimited for Amazon Prime subscribers, becoming the latest among the list of streaming giants to follow the trend.
According to a report from the Hollywood Reporter, the eCommerce giant announced on Tuesday that the individual plan for its premium music tier will increase from $8.99 to $9.99 per month.
The price for the family plan subscription has also been affected, going up from $15.99 to $16.99 per month.
Meanwhile, annual plans are increasing by $10, with the individual plan and family plan priced at $99 a year and $169 a year, respectively.
The new prices will take effect immediately for new subscribers and from September 19 for existing subscribers.
The price hike comes after Amazon increased the price for its regular individual subscribers at the start of the year, bumping it up from $9.99 to $10.99 - $1 more than the price for Amazon Prime subscribers.
Streaming Giants Are Raising Prices Worldwide
Price hikes and cost-cutting measures have been a common trend among streaming services since the start of 2023.
In March, YouTube TV increased prices for its monthly subscription prices (from $64.99 to $72.99 per month), citing rising content costs.
Netflix has also jumped the train and cracked down on accounts sharing passwords in May. It also removed its basic ad-free subscription tier, leaving users to choose between the basic plan with ads, or the standard ad-free plan.
Meanwhile, Disney recently announced that it would follow suit next year to address password-sharing. Spotify also hiked its prices worldwide just last month, increasing them by $1 across all of its plans.
Edited by Nikola Djuric