We all love streaming video from Netflix and Hulu, getting all of our favorite shows where we want them. Today there is a new competitor entering the game, starting today for all Amazon Prime members they can watch free streaming movies from Amazon.

Amazon Prime members can instantly stream around 5,000 or the nearly 90,000 movies and TV shows Amazon already has to offer for a fee on Amazon Instant Video. Currently the more than 5,000 titles available is limited and the newest releases available from the service are “Feed the Fish” and “The Girl Who Kicked the Hornet’s Nest,” which normally cost $3.99 to rent on Amazon Instant Video. Lucky for Amazon Prime subscribers the shows that they have to pay for are reduced in price. That means you can watch “Gossip Girl” and “Glee” for less than a non-subscriber.

Amazon Student members will not be as lucky as Amazon Prime members, to get access to the free streaming movies and TV shows they will have to fork over $79 to gain access to the free instant streaming benefits.

For all you just about to cancel your Netflix account, don’t. Starting at just $96/year, Netflix has more than 28,000 titles, and unlike Amazon it can be streamed to multiple platforms. Amazon Prime videos can only be streamed to your PC and offer a very sparse collection of movies.

As some may recall, in January Amazon acquired Europe’s equal to Netflix, LoveFilm.

Adding unlimited instant access to thousands of movies and TV shows at no additional cost is a great way to give members even more value for their $79 annual Amazon Prime membership,” Robbie Schwietzer, VP of Amazon Prime, said in the statement. Their millions of members can certainly get more out of their Amazon Prime membership, but are the movies they have to offer good?