Amazon is going to war with Netflix with a new video-streaming service.
The giant online-retail is letting customers subscribe to its video-streaming service by itself for the first time, creating a standalone service that acts as a direct competitor to Netflix.
Amazon has been heavily investing in its digital-content business in recent years. But until now, it has only ever been available as part of Amazon Prime, Amazon's subscription service that also includes free one-day delivery.
But now customers will be able to subscribe on a month-by-month basis just to the video options named Amazon Video. Its price also undercuts Netflix by a dollar - Amazon Video will cost $8.99 a month, versus $9.99 for Netflix.
Another change: Customers can also subscribe to the full Amazon Prime service on a monthly basis. It costs $10.99 a month, or $99 a year in the US. Amazon boasts an increasingly impressive roster of content in its video service, with high-budget original shows like "The Man In The High Castle" and the forthcoming show by the "Top Gear" team.
But don’t worry, Netflix is not going anywhere. In a recent Morgan Stanley poll, 29% of people surveyed said that Netflix has the best original content - beating HBO for the first time, and trouncing Amazon Prime, which just 5% said had the best material.
Netflix also has the most loyal subscribers of all its competitors, according to research from Parks Associates.