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Amazon Prime to launch music-streaming service, report says

Amazon.com Inc.Apple Inc.Spotify
Amazon to launch music-streaming service this summer, report says
Amazon Prime to add music streaming soon, report says
Amazon will counter Apple's Beats Music acquisition with music-streaming service, report says

Amazon will launch a music-streaming service this summer, according to a report that comes just one day after Apple announced its acquisition of Beats Music.

The rumored music-streaming service will be available to Amazon Prime members, according to Buzzfeed, which cited unnamed sources for its report. The service will reportedly launch in June or July and work with numerous mobile devices and computers. 

The service will feature a "potluck" selection of songs that are 6 months old or older. This is in contrast to services like Spotify, Beats Music and Rdio, which feature nearly comprehensive catalogs. 

Already, Amazon has reached agreements with Sony Music Entertainment and Warner Music Group, Buzzfeed said. It's unknown if Amazon has struck a deal with Universal Music Group. 

The Seattle online retailer already offers a similar service for TV shows and videos. Amazon Prime members have access to thousands of video content that they can stream whenever they want. Amazon Prime costs $99 per year and includes free two-day shipping on certain items. 

Spotify, the top subscription music-streaming service, announced this month that it has 10 million paying users. Meanwhile, Apple has seen average per capita iTunes spending fall 24% year-to-year, according to a report from Morgan Stanley analyst Katy Huberty.

Amazon did not respond to a request for comment. 

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