could Amazon Be Spotify’s next Competitor?

if you are a giant tech firm in 2016 and also you should not have your personal Spotify-killing, all-you-can-circulate song subscription provider, what just right are you?

that is it appears the vibe around Silicon Valley at the moment—and Amazon is feeling it. the corporate is reportedly working on its own song subscription provider, in line with the new york post. The as-but-unnamed carrier can be a more robust expansion of top tune, which deals 1 million on-demand tracks to participants of Amazon’s free delivery membership program. there is no word on how many tracks the brand new service would provide—these negotiations are still underway—but Spotify has over 30 million songs, which is roughly in step with the industry standard.

in keeping with the post, Amazon’s new provider would begin at around $10 per month—like Spotify and Apple tune—but could be to be had for much less to customers who buy an Echo smart speaker. The Echo is at present integrated with top music, which lets customers circulate from Amazon’s library or their own digital locker.

Amazon would subscribe to Google and Apple in the increasingly aggressive streaming song area dominated through Spotify. reports of a facebook-owned music carrier surfaced ultimate 12 months as neatly, however the firm quick brushed aside the rumors.

In 2013, Google launched its own all-you-can-stream subscription provider on top of Google Play, followed with the aid of a identical offering from YouTube. but nobody might ship shockwaves throughout the streaming music trade like the company that popularized criminal tune downloads. closing year, Apple famously sounded the death knell of the digital download and welcomed the age of streaming with the launch of Apple track; despite simplest being seven months previous, the provider is alleged to have over 10 million subscribers. Pandora, for its part, is the use of the not too long ago obtained guts and ability of Rdio to construct its personal on-demand song subscription service—and we’re already beginning to see glimpses of that in Pandora’s freshly redesigned mobile app. after which there may be European streaming provider Deezer and Jay-Z’s Tidal, the latter of which just noticed the exclusive streaming debut of Rihanna’s newest album.

to this point, Spotify isn’t taking a considerable hit from all these smartly-resourced rivals. the company boasts over 20 million subscribers—and a total of 75 million active users—and is reportedly in quest of $500 million in new funding. at last count, Spotify was once valued at $8.four billion.

Amazon can be arriving late to a crowded area, however it would not topic: the corporate is accustomed to working with out turning an enormous profit. As with Google and Apple, Amazon can have enough money to run a provider like this alongside its more rewarding businesses for slightly a while. If only each other streaming track firm have been so lucky.

[by way of The Verge]