By Minda Smiley

Amazon is reportedly preparing to launch its own subscription music service, according to the New York Post.

The Seattle-based e-commerce company has been holding meetings over the past few weeks to discuss music licensing in an effort to rival streaming giants Spotify and Apple Music, several sources told the Post.

Sources added that Amazon is currently discussing a $9.99 per-month fee for the standalone service and that it is prepping for a fall launch.

The company already offers music streaming to subscribers of its $99 per-year subscription service, but only offers about one million songs. Spotify offers more than 30 million Read full story ›

Source: The Drum