Amazon

Amazon Goes Head To Head With Apple Music

Amazon Working On Spotify Clone

Every app developer and their mother thinks that they can dominate the mobile music market with a sleek new interface and some exclusive artists. Spotify has proven that the task is far from that simple, but the feat apparently hasn't managed to scare off Amazon just yet.

Anonymous sources are telling Reuters that Amazon is close to launching a subscription-based music streaming platform to push back against the growing market dominance of similar offerings from Spotify and Apple. At $9.99 per month, the new service would ostensibly be different than that already offered to Prime subscribers, who enjoy access to a limited catalog of songs, though no official word from Seattle means the public will have to wait for official confirmation.

While Amazon might have some work to do when it comes to catching up to Spotify's growing ubiquity in the music streaming space, integration with its Echo device could help give the "newcomer" a leg up. If consumers have a robust music library at their literal beck and call, it might help to boost sales of, or at least interest in, a device and streaming platform alike.

“A music service will further increase the daily interactions between Amazon and its customer base," former music executive Jay Samit told Reuters.

Amazon gets plenty of those daily interactions already, but if it can siphon off more from competitors like Spotify and Apple that present larger threats every day, it'll be music to Bezos' ears.

——————————

LIVE PYMNTS TV OCTOBER SERIES: POWERING THE DIGITAL SHIFT – B2B PAYMENTS 2021 

Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border.

Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.

Click to comment

TRENDING RIGHT NOW