Amazon to Increase Price of Annual Prime Plan on May 11 - NBC Southern California
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Amazon to Increase Price of Annual Prime Plan on May 11

Amazon Prime has more than 100 million members worldwide

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    Amazon to Increase Price of Annual Prime Plan on May 11
    Brent N. Clarke/Invision/AP
    Amazon CEO Jeff Bezos attends the premiere of "The Post " at The Newseum on Thursday, Dec. 14, 2017, in Washington.

    Amazon is increasing the price of its Prime membership from $99 to $119 starting on May 11, CNBC reported.

    The company just announced the price increase on its first quarter earnings call, attributing the spike to the service's rising costs.

    Amazon Prime, which has more than 100 million members worldwide, gives members free two-day shipping on lots of products, as well as access to exclusive TV shows, movies, and music.