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Amazon Debuts Streaming Music Service Amazon Music Unlimited Today
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Back in August, I wrote about Amazon.com Inc.’s (AMZN - Free Report) rumored interest in launching a music streaming service exclusively for its Echo devices, and on Wednesday, the e-commerce giant has finally debuted Amazon Music Unlimited, the latest addition to the heavily populated music streaming industry.
Like competitors Spotify and Apple’s (AAPL - Free Report) Apple Music, users can enjoy ad-free, on-demand music from a catalog of tens of millions of songs for $10 per month. If you’re already a Prime member, you’ll receive a discounted rate of $8 per month in addition to the membership’s annual cost of $99.
However, if you decide that you can live with only listening to Amazon Music Unlimited on the Echo speaker, you only have to shell out $4 a month, arguably the cheapest option out there for consumers. The service will be available on all Echo devices, including the original Echo, the Amazon Tap, and Echo Dot.
Along with the price, subscribers of the Echo option now have new ways to ask Alexa, Amazon’s voice-controlled personal assistant, to play songs. You can ask her to play your favorite artist’s latest single or begin a specific playlist, among other ways; users can even ask, “Alexa, play that song that goes like…,” singing whatever lyrics you can remember.
If the less-expensive Echo option proves successful, Amazon could potentially shift the way music listeners consume on-demand music. Generally, music streaming has relied heavily on mobile phone usage. Most of Spotify users sign up for the service on their phones, while Apple Music was focused almost entirely on potential subscribers who had iPhones.
To listen to Amazon Music Unlimited’s $8 and $10 listening options, you will need to download the new mobile app. Users can try out these options free with a 30-day trial.
Currently, Spotify has 40 million paying members, while Apple Music has 17 million. Amazon Music Unlimited certainly has the potential to reach these subscriber levels. And if not, Amazon can at least bet on a rise in sales of its Echo products, which already are projected to sell 3 million this year and 10 million in 2017.
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Amazon Debuts Streaming Music Service Amazon Music Unlimited Today
Back in August, I wrote about Amazon.com Inc.’s (AMZN - Free Report) rumored interest in launching a music streaming service exclusively for its Echo devices, and on Wednesday, the e-commerce giant has finally debuted Amazon Music Unlimited, the latest addition to the heavily populated music streaming industry.
Like competitors Spotify and Apple’s (AAPL - Free Report) Apple Music, users can enjoy ad-free, on-demand music from a catalog of tens of millions of songs for $10 per month. If you’re already a Prime member, you’ll receive a discounted rate of $8 per month in addition to the membership’s annual cost of $99.
However, if you decide that you can live with only listening to Amazon Music Unlimited on the Echo speaker, you only have to shell out $4 a month, arguably the cheapest option out there for consumers. The service will be available on all Echo devices, including the original Echo, the Amazon Tap, and Echo Dot.
Along with the price, subscribers of the Echo option now have new ways to ask Alexa, Amazon’s voice-controlled personal assistant, to play songs. You can ask her to play your favorite artist’s latest single or begin a specific playlist, among other ways; users can even ask, “Alexa, play that song that goes like…,” singing whatever lyrics you can remember.
If the less-expensive Echo option proves successful, Amazon could potentially shift the way music listeners consume on-demand music. Generally, music streaming has relied heavily on mobile phone usage. Most of Spotify users sign up for the service on their phones, while Apple Music was focused almost entirely on potential subscribers who had iPhones.
To listen to Amazon Music Unlimited’s $8 and $10 listening options, you will need to download the new mobile app. Users can try out these options free with a 30-day trial.
Currently, Spotify has 40 million paying members, while Apple Music has 17 million. Amazon Music Unlimited certainly has the potential to reach these subscriber levels. And if not, Amazon can at least bet on a rise in sales of its Echo products, which already are projected to sell 3 million this year and 10 million in 2017.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>