Amazon is expected to launch its own, stand-alone music streaming service in the near future, competing with Apple Music, Spotify and other services. Sources tell Reuters that the service will be available for $9.99 a month, a similar price point to the other services. The online retailer is currently finalizing licenses with record labels for the streaming service, which will reportedly launch late this summer or early in the fall.
“A music service will further increase the daily interactions between Amazon and its customer base,” former music executive Jay Samit told Reuters. The streaming service is expected to tie in closely with the Amazon Echo voice-controlled speaker.
Reuters notes that Amazon’s music streaming service could also help the company further split up its subscription options for users, rather than bundling them all into an annual fee under the Amazon Prime umbrella.
