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Amazon Working On Music Subscription Service For $5 a Month

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Reuters
Reuters
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By
Reuters
Reuters
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August 22, 2016, 8:12 PM ET
Amazon Unveils Its First Smartphone
Photograph by David Ryder — Getty Images

Amazon.com said it was working on a music subscription service that would cost about $5 a month and would only work on its Echo hardware, Recode reported, citing sources.

Amazon would like to launch the services in September, but has not finalized deals with major music labels and publishers, Recode reported.

Amazon was preparing to launch a standalone music streaming subscription service at $9.99 per month, in line with major rivals, Reuters reported in June, citing sources.

See also: Apple I Computer Boards Could Be Worth Six Figures

The Recode report said one sticking point, sources say, is whether Amazon will sell the cheaper service for $4 or $5 a month.

Amazon (AMZN) was not immediately available to comment.

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