WSJ Reaffirms: Amazon is Working on a Music Streaming Service

AmazonLast month, Re/code reported that Amazon was in talks to create a streaming music service to bundle with Prime subscriptions. Now, the Wall Street Journal is reaffirming that rumor. The Journal reports that Amazon is "hoping to offer an on-demand music-streaming service" to Prime customers—but it also cites people familiar with the matter as claiming that it "may limit how much a person can listen to any given song." Apparently Amazon has been in extensive negotiations with record companies and music publishers seeking to license music for the new service—though it is, apparently, far from a done deal, largely down to financial terms. From the Journal: "Amazon has told record companies it would pay them out of a fixed pool of money, according to people familiar with the matter, instead of compensating them based on how often users listen to their songs. Music companies are seeking to withhold their newest music from the service, a person familiar with the matter said." Read the full story at Gizmodo, and the original report at The Wall Street Journal.