Amazon.com, Inc. (AMZN) launches Prime Music
Amazon.com, Inc. (NASDAQ:AMZN) has added a streaming music service feature to its Amazon Prime membership benefits. The service is called Prime Music, which lets Amazon Prime subscribers in the U.S. streaming songs ad-free and download them for offline listening as long as the listener’s membership is current. There are over a million songs available at launch as of today that are accessible and downloadable at no additional cost to the membership fee. Amazon recently raised the Amazon Prime membership fee from $79 to $99 per year. This service does not include new songs on their release dates, but it will include many songs from the Billboard Hot 100. Artists associated with Warner Music Group and Sony Music Entertainment are included, but Universal Music Group opted out. The conversations with Universal Music and Amazon.com are still ongoing. Amazon Prime members will be able to create their own playlists that include the streaming songs. The service also has personalized recommendations. Prime Music can be accessed through the Amazon Music app, known as the Amazon Cloud Player on iOS, Android, and Kindle Fire. Amazon Prime Music is only available on the U.S. for now, but it is expected to roll out to other countries.
Amazon Prime offers two-day shipping on store purchases, video streaming services, and a lending library for Kindle users to borrow one book per month. The negotiations between Amazon and the music companies started around 6 months ago.
[Source: Seattle Times]