A new report from the online publication, Music Business Worldwide, claims that Amazon will launch a new streaming service that delivers Hi-Fi music before the end of 2019. According to the report, Amazon will price its service at around $15 per month, and it will stream music at high bitrates, with quality above what CDs offer. The report also claims that, at this point, Amazon is already reaching out to multiple music record companies, and at least one music firm has agreed to license its music library to the online retail giant. Given that Amazon will launch its service before the end of the year, it still has a few more months to build the portfolio of music titles that its Hi-Fi music streaming service will offer. One of the biggest competitors that Amazon’s Hi-Fi music streaming service will face is Tidal, which currently offers CD-quality music for $20 per month. Aside from music streams, Tidal also offers high definition music videos and curated content, although the lower price that Amazon may provide for its streaming service may result in the online retail giant snatching customers from its competitor. The possible reduction in its customer base will likely hurt the… Read full this story
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