Report: Amazon Prepping Competing Service To Spotify, Apple Music
January 29, 2016 at 5:36 AM (PT)
According to a report in THE NEW YORK POST, AMAZON is getting ready to jump into the streaming music/webcasting business. The paper writes, "The e-commerce giant has held meetings in the past few weeks to discuss licensing tunes for a full-blown subscription music service that would ape streaming music market leaders SPOTIFY and APPLE MUSIC."
AMAZON is already in the music business, offering about 1 million songs to customers of its $99-per-year PRIME shopping service. THE POST notes, "AMAZON’s VP/Digital Music STEVE BOOM is spearheading plans for the subscription service, sources said," adding, "the plan, still at an early stage, is the latest attempt by AMAZON Chief Executive JEFF BEZOS to become the premier distributor of entertainment content from books to TV and movies to music."