From Digital Music News:
According to reports Amazon is planning to launch a subscription-based music streaming service to compete directly with Spotify and Apple Music.
Plans are said to be in the early stages, although there is talk that the service is to launch as soon as this fall.
While Amazon Prime users can already listen to roughly one million songs for $99-a-year, reports state the newly-proposed streaming platform would charge a separate monthly fee. Sources are saying that there have been several meetings in the past few weeks to discuss licensing tunes for the new subscription music service. The new service is said to cost $9.99 per month, but will contain a more diverse music selection than what is currently available via Prime.
This is another attempt from Amazon’s Chief Executive, Jeff Bezos, to become the premier distributor of entertainment content. Just the other day, Amazon launched it’s Pandora-like radio service which already boasts hundreds of prime stations across all genres.
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Amazon currently claims to be the biggest seller of physical music in the US, and the second-best seller of digital music.
Link to the rest at Digital Music News and thanks to Alice for the tip.