Amazon is going to launch a music streaming service to compete with Apple Music and Spotify. The name of the service is not yet decided as reported by Reuters. Amazon already has an in-house music streaming service named as Amazon Prime, which is offered at $8.99 per month. Amazon Prime is a service with a catalog of 1 million songs only. The new service is likely to offer a catalog of 30 million songs to its customers priced at $9.99 per month. The price and catalog are similar to the competitor’s services. The service will hit the market in late summer or early fall this year.
It is a little late for Amazon to enter the market of streaming music but it is not the end [...]