The sources claim Amazon has been negotiating with the major record labels to secure licensing rights for a subscription music service that can take on Spotify and Apple Music.
Amazon currently offers a free (small) music streaming catalog to its $99-per-year Prime subscribers but this new service will allegedly have its own $9.99 per month fee. The current Prime offering is about 1 million songs, compared to 10+ million for rivals.
The e-commerce giant is the second-largest seller of digital music and the largest seller of physical music but digital downloads peaked two years ago and physical music peaked in the early 2000s.
It is unclear what will separate Amazon's streaming service from rivals, but there was an interesting note towards the end of the report which claims that Amazon could drop the price of the subscription if you purchase an Echo, the company's surprise hit voice-controlled 'personal assistant.'
Source:
NYP
Written by: Andre Yoskowitz @ 28 Jan 2016 15:50
