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 Amazon service, which he called “inevitable,” “might take a little oxygen out of Apple’s potential pool of paying users,” he said. “A music service will further increase the daily interactions between Amazon and its customer base,” said former music executive Jay Samit when told about the company’s plan. Photo: AFPSan Francisco: Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter. The new Amazon effort will compete directly with Apple Music and Spotify, which boast more than 30 million songs.

Source: Mint June 10, 2016 19:52 UTC