Amazon Prime Video Introduces Ads, Sparks Controversy Among Subscribers
Move Expected to Generate Billions in Revenue Despite Backlash
- Amazon Prime Video has introduced ads to its streaming service, with viewers now required to pay an extra $2.99 per month for an ad-free experience.
- The move is expected to generate billions in additional revenue for Amazon, with estimates ranging from $1.3 billion to $6 billion by 2024.
- The introduction of ads has been met with backlash from some subscribers, with reports of cancellations due to the change.
- Amazon's decision to make the ad-supported tier the default option differs from competitors like Netflix, which introduced a cheaper ad-supported tier for subscribers to opt into.
- Despite the controversy, industry analysts predict that Amazon's entry into the ad-supported streaming market will be a disruptive force, potentially leading to downward pressure on pricing.