Last Update 19:42
Tuesday, 11 August 2020

Amazon offers free music streaming service; rival Spotify slips

Reuters , Tuesday 19 Nov 2019
(FILES) In this file photo taken on September 28, 2011 the Amazon logo is seen on a podium during a
(FILES) In this file photo taken on September 28, 2011 the Amazon logo is seen on a podium during a press conference in New York. (AFP)
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Amazon.com Inc said on Monday it has introduced an ad-supported free version of its music streaming service "Amazon Music".

Amazon offers paid plans for its music service starting at $9.99 per month. It is also part of its prime bundle. The company launched free version of its music service for Alexa users on Echo devices in September.

Rival Spotify Technologies also offers a "freemium" model that includes a free ad-supported version along with a paid ad-free version at $9.99 per month.

Amazon shares were up nearly 0.5%, while those of of rival Spotify Technologies fell about 5%.

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