Amazon to dip its toes in susbscription-based music service

Everybody wants a slice of the music subscription pie, and Amazon is the newest entrant to join the fray. The world’s biggest online merchant is said to be in talks with music labels to launch a Spotify-like service based on subscriptions. Sources have told The Verge that Amazon is the latest – behind Google and Apple – to express interest in the subscription-based model of accessing music, which is considered to be the next big thing in the music industry. While the model has not exactly taken off, services like Spotify and Pandora show exactly how much potential the idea of paying to stream music has. According to sources, the kind of model Amazon has shown a keen interest in is very similar to Spotify’s “on-demand” service. Amazon’s idea of music subscription could take off very easily. It could be the next natural step for the company as it already has the infrastructure to back this move. Amazon has a cloud-based music storage system as well as a cloud player. The company only needs to put in a subscription-based access system in place, and the service is pretty much good to go. Click here for full story