Talk Money: June 13

  • 13/06/2016
Talk Money: June 13

Amazon is preparing to launch its own music streaming service.

Reuters reports that at US$9.99 it will compete directly with the likes of Apple Music, Spotify, You Tube and Tidal.

It is part of Amazon's goal to be a one-stop shop for content and goods.

The company is also planning to ramp up its video streaming service.

This is another challenge for traditional media companies. Amazon's already spending US$2 billion a year on original video content.

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