Previously you could sign up for Amazon Prime membership service only for a yearly subscription. However, now Amazon Prime will also be available as a monthly subscription service priced at $10.99 per month. If you would want to subscribe to just Prime Video then it is available at $8.99 per month.
The present yearly subscription that costs $99 includes Prime Video, free shipping, photo backup, free shipping and music is still going to stay and apparently is a better deal. If you just buy Prime Video on a monthly subscription now, it will cost around $108 whereas the full subscription on a monthly basis will cost $131.88 for a full year.
Amazon had earlier experimented with the monthly memberships in 2012 on a limited scale but put an end to it. The reintroduction of monthly membership is an effort to give competition to Netflix and Hulu, both of which offer monthly subscription plans. This Amazon Prime Video membership has been priced at $8.99 which is less than what the Netflix subscribers who are going to see their subscription fee rise to $9.99.