Report: Amazon is on the verge of launching its own music streaming service

A report from Reuters, citing two source close to Amazon, says that the online retail giant I about to launch a music streaming service to rival the likes of Spotify. The as-yet-unnamed service is expected to launch towards the end of summer or beginning of fall, pending negotiations with record labels. With a rumored monthly fee of $9.95, the streaming service does nothing to compete with its rivals financially, but Amazon will still be hoping that it will help boost its Echo product. The paid-for streaming service will sit alongside the free one currently available to Amazon Prime subscribers. Amazon… [Continue Reading]