Thursday, January 28, 2016

Amazon to be working on separate music streaming service to rival Spotify and Apple Music


Prime Music may not be the extent of Jeff Bezos' music streaming aspirations. According to the New York Post, the online retailer is prepping a so-called Spotify killer. More specifically, Amazon is said to be working on a standalone music service that would carry its own monthly fee as a separate offering from Prime Music. The new service will reportedly offer a more robust selection of tunes than what's available as part of an annual Prime subscription.

In terms of cost, Amazon's new service is said to be priced at $10 a month with a $3 or $4 monthly plan if you're willing to splurge for an Echo speaker. While the music expansion appears to be in the early stages, the Post reports that licensing meetings took place over the past few weeks with the company eyeing a fall launch. Amazon's established marketplace for both physical and digital music could make the retailer an attractive option for artists looking to offer fans all three formats in the age of streaming. Of course, we'll be curious to see if Amazon really can give Spotify and Apple Music a run for their money.

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