Amazon adding limited streaming music to Prime

Amazon (NASDAQ: AMZN) will begin offering a library of streaming music sometime in June or July. The report comes just one day after Apple announced the acquisition of Beats Music, a deal which brings Beats' subscription-based music streaming service to an Apple lineup that already includes iTunes, the world's top music retailer.

Amazon's new music streaming service will be limited and only include songs older than six months, according to Buzzfeed, which cited unnamed sources for the report. That's in contrast to Spotify, the frontrunner in music streaming with more than 10 million paying members and a massive database of new and old songs.

Already, Amazon has reached agreements with Sony Music Entertainment, Warner Music Group and several independent labels for its streaming service, Buzzfeed said. Amazon will choose which songs and albums to stream based on data from the Internet retailer's other music and media offerings.

The new music streaming service is similar to the deal Amazon signed with HBO in April. Amazon entered into a multiyear partnership with HBO that makes the e-commerce company's Prime Instant Video the exclusive online-based subscription service to offer past seasons of exclusive HBO programming.

This is the latest offering in a string of new services Amazon is making available to Prime members, which already includes Prime Instant Video. Amazon Prime costs $99 per year and also includes free two-day shipping on certain items.

Amazon also launched in April a long-rumored streaming device, Amazon Fire TV, a set-top box that plugs into any HDTV for instant access to services such as Netflix, Prime Instant Video and Hulu Plus. The device retails for $99 and is similar to competing devices from Chromecast, Roku or Apple TV (NASDAQ: AAPL).

For more:
-See this Buzzfeed article

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