Amazon to launch streaming music service in coming months: report
Amazon.com Inc. is looking to muscle in on Apple Inc.'s and Spotify AB's territory by launching a standalone streaming-music service by subscription, according to a late Friday Reuters report citing people close to the matter. The $9.99-a-month service is expected to launch in the late summer or early fall, Reuters said. Amazon, which already offers limited streaming music to its Prime subscribers, did not respond to a request for comment from Reuters. Amazon shares rose less than 0.1% to $718.26 after hours.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.