Amzon (AMZN) Said in Prelim. Talks for Streaming Music Service (P) (AAPL)
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Amzon (Nasdaq: AMZN) has a solid e-Book library and is building its digital TV/movie content, so what's next?
How about music?
According to TheVerge, Amazon is already in discussions with labels over a subscription music service. Talks are said to be informal and very early.
Pandora (NYSE: P) and Spotify are said to be the leaders in the streaming music market. Google (Nasdaq: GOOG) and Apple (Nasdaq: AAPL) have both showed interest as well.
For Amazon, many of the key elements are already in place to launch such a service. It already has 10 million Amazon Prime members, cloud storage, and its Cloud Music player.
Amazon and Pandora are both indicated for a higher open Wednesday.
How about music?
According to TheVerge, Amazon is already in discussions with labels over a subscription music service. Talks are said to be informal and very early.
Pandora (NYSE: P) and Spotify are said to be the leaders in the streaming music market. Google (Nasdaq: GOOG) and Apple (Nasdaq: AAPL) have both showed interest as well.
For Amazon, many of the key elements are already in place to launch such a service. It already has 10 million Amazon Prime members, cloud storage, and its Cloud Music player.
Amazon and Pandora are both indicated for a higher open Wednesday.
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