LOS ANGELES - Online giant Amazon.com looks to join Spotify, Apple, Google and many others in launching a paid monthly music subscription services, according to a report by Reuters.
Quoting unnamed sources, the news agency says Amazon's music service will be priced like competitors, at $9.99 monthly, and looks to launch in late summer.
Amazon currently has Prime Music, a unit of the $99 yearly Prime entertainment offering, but its music selections are way slimmer than rivals.
What Amazon has that competitors don't is a hugely popular home speaker, Echo, which is used to control the smart home, answer queries, order products and play online music from Amazon's small selection, and via Spotify. Google is launching a similar speaker product later in the year, Google Home.
Spotify is the market leader in subscription music, with 30 million subscribers, to 13 million for Apple Music, which launched in June, 2015.
