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Business

Amazon takes aim at Apple with new music service

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Opening sequence

Business

Amazon takes aim at Apple with new music service

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COMING UP:Amazon takes aim at Apple with new music service

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Transcript

00:00:02
>> Amazon on Wednesday launching its long rumored streaming music service. The new Amazon Music Unlimited, taking on Spotify and Apple Music. Offering a comparable vast catalog of tunes, but touting a lower price, which is sorta true. Those who already paying $99 a year for Amazon's Prime delivery service can get music unlimited for $7.99 a month.
00:00:25
That's a $2.00 discount to Spotify and Apple subscription prices. Non-Prime members, however, will pony up the same fee as the others. But the big push here, getting more folks to buy Amazon's Echo. That's the cylindrical speaker you can speak to, which has been a surprise hit since it's release last year.
00:00:44
Shell out $180 bucks for an Echo and the new music service is yours for just $3.99 a month. Not content to bombard just one of your senses, Amazon is also planning bricks and mortar convenience stores according to the Wall Street Journal. So far they're slated exclusively for Amazon Fresh customers, who get same day food delivery, but who may want to squeeze those tomatoes themselves before buying.
00:01:11
The move is meant to take on the likes of Walmart and Kroger. Just as those businesses are scrambling to match Amazons online success.