Amazon Gets Support From All Major Music Labels For New Cloud Service
August 1, 2012 at 4:09 AM (PT)
AMAZON has reached licensing deals with the four major record companies for a music service that lets users store songs in the cloud, and play them online. Songs from UNIVERSAL MUSIC GROUP, SONY MUSIC, EMI MUSIC and WARNER MUSIC GROUP are now available through the AMAZON CLOUD PLAYER.
Users will be able to upload all the songs on their hard drive, and play them in AMAZON's new Cloud Player.
BLOOMBERG reports "AMAZON's music service will work similarly to APPLE iTUNES, letting multiple devices access a centrally stored music collection. AMAZON, whose KINDLE FIRE tablet computer sells for $199 -- half the price of APPLE's least expensive iPAD -- is seeking to make money by offering higher-margin digital content on the device, such as books, music and movies."
AMAZON says they will offer a free version of the service that lets users import as many as 250 songs, as well as a premium version for $24.99 a year that will allow storage of 250,000 songs.