Amazon Likely Working On Spotify-Like Music Streaming Service - Forbes

Amazon Likely Working On Spotify-Like Music Streaming Service - Forbes: "Amazon has sold music for a while, of course, via its Prime service, but the amount of content available is literally a small fraction of that available by the Apple AAPL +3.09% Music and Spotifies of the world. The New York Post has a source that claims that Amazon is ready to throw its hat into that musical ring and has had some of its executives meeting with top-level music executives to try to hammer out a deal on par with what the other full-on streaming services offer. And, according to the source, it may be ready to press play as soon as this fall.

The source also says that Amazon would likely charge a competitive $10 a month for access, however there’s no word on if there would be a discounted (or even free) tier for Amazon Prime customers. Music licensing isn’t cheap, however it could be enough to convince those on the fence about Prime to make the move to subscription."



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