The music industry is pinning great hope on subscription music services such as, a segment that's growing of recorded music industry. And now comes news that Amazon is looking to jump into the fray.
The Verge, citing multiple sources, reports that Amazon is holding informal talks with the music industry about launching an on-demand service similar to Spotify, which is the largest such service with 24 million active users and 6 million paid subscribers.
This development comes asthis summer, one tied to Google Play, the other as part of YouTube. Google earlier this month. Apple, of course, is also reportedly trying to start an streaming music service.