Online retail behemoth Amazon is preparing to launch their own streaming music service, lining the company up to compete with players such as Apple, Spotify and Pandora.

According to Reuters, Amazon’s service will offer a competitive catalog and price of $9.99 a month. Reuters said Amazon finalizing its licensing agreements with the labels and is looking to launch the service in the late summer or early fall.

Source: encore.celebrityaccess.com

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