Andre Yoskowitz
20 Mar 2013 20:42
According a new report, Amazon is looking to get into the streaming subscription music business, following other giants into the ring.
So far the talks with the record labels have been "informal," but Amazon is hoping to create a service similar to Spotify, the leader in the market.
Spotify, along with Rdio, Rhapsody and others, offer limited access to millions of tracks, for free via browsers or desktop apps. If you move to premium packages, you can gain unlimited access to the music as well as mobile access.
The sector leader, Spotify, now has 6 million users paying either $5 or $10 per month for premium accounts, with that number growing quicker every month. The company has a total of 24 million users around the world.
Google is said to be planning a rival service, integrating YouTube.