A new report claims Amazon is preparing to launch a standalone streaming music service that would compete with Spotify, Apple Music, Google Play Music and others.
The service will be offered at $9.99 per month, in line with major rivals, and it will offer a competitive catalog of songs, the sources said. Amazon is finalizing licenses with labels for the service, which likely will be launched in late summer or early fall, the sources said. Amazon, which offers a free streaming music service with a limited catalog to subscribers of its Prime shipping and video service, did not respond to a request for comment about the new, full-fledged music plan.
The new service will also reportedly be designed to help sales of the Amazon Echo connected speaker.