Chip Somodevilla/GettyAmazon is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter.
SAN FRANCISCO: Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter. The service will be offered at $9.99 per month, in line with major rivals, and it will offer a competitive catalog of songs, the sources said. Amazon is finalizing licenses with labels for the service, which likely will be launched in late summer or early fall, the sources said.
Twitch was just acquired by Amazon for $970 million in an all-cash deal. A few months ago, it was looking like Google would be the buyer for $1 billion. No word yet on why the reported Google deal fell through.
Alibaba Group Holding Ltd might just have put its biggest US competitor in hot waters with the launch of its own cloud service. The e-commerce giant announced today it will be launching its Aliyun platform for its American audience, a cloud service that was first introduced in China in 2009. A cloud computing hub with servers will be established in America's Silicon Valley, putting the company in direct competition with companies like Amazon, Microsoft, and Google.
Lots of things made our modern all-online, all-video era possible: Internet connections got faster, tech got cheaper, and so on. But the thing that made companies like Netflix, Amazon, and Hulu willing and able to become household names in TV is a little invisible: it’s the ability to keep you paying for content.