Amazon affords free music streaming service; rival Spotify slips

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FILE PHOTO: A banner displaying the Amazon Prime Music emblem is seen in Mumbai, India, February 28, 2018. Information/Francis Mascarenhas

(Information) – Amazon.com Inc mentioned on Monday it has launched an ad-supported free model of its music streaming service “Amazon Music”.

Amazon affords paid plans for its music service beginning at $9.99 monthly. Additionally it is a part of its prime bundle. The corporate launched free model of its music service for Alexa customers on Echo gadgets in September.

Rival Spotify Applied sciences additionally affords a “freemium” mannequin that features a free ad-supported model together with a paid ad-free model at $9.99 monthly.

Amazon shares have been up practically zero.5%, whereas these of rival Spotify Applied sciences fell about 5%.

Reporting by Amal S in Bengaluru; Modifying by Arun Koyyur