Amazon Introduces Prime Music

Amazon is getting into the streaming music game. The company has officially launched Prime Music, a new service that offers Prime customers access to over 1 million songs and hundreds of curated playlists.

Amazon offers this service with no additional cost for current Prime members ($99 annual fee).

It all starts with a bit of rebranding. Amazon is bringing all of its music-related products (i.e. the Amazon MP3 store and Cloud Player) under the same banner and just calling everything by one name: Amazon Music.
Amazon says it's got over 1 million songs to start, and plans to add to that catalog early and often. Still, the total is super tiny compared to Spotify's enormous library, which also features exclusives like Led Zeppelin.
...
Amazon hasn't yet reached an agreement with Universal Music Group for Prime Music. The New York Times claims the disagreement is over money — no surprise there. Unfortunately, Universal Music Group just so happens to be the largest music company in the world, with artists like Jay-Z, Kanye West, Katy Perry, Lady Gaga, and Taylor Swift on its roster. But those are just a few artists out of hundreds that you won't find on Prime Music at launch.

Well, first of all I, believe that Amazon has just made its current Prime members a lot happier. By adding 1 million tracks to the current product, they managed to increase its value and make a Prime subscription more alluring.

However, when there is Spotify, I don't think that someone who wants to listen to all the latest music hits and have the widest possible range of tracks available will opt for Prime Music, especially because of the limitations that stem from the issues with Universal addressed above.

What do you guys think?

Source: The Verge (Link to the original article)

 

I think if you're not already in the business of writing sales copy, you should get into it.

Those who can, do. Those who can't, post threads about how to do it on WSO.
 

Well, the IB industry offers slightly more exit opps than the sales copy one... Just kidding! Srs, I am just really into tech and I enjoy reading all the current tech news anyway, so why not make summaries of such articles and give back to the WSO community?

 

This. My Prime addiction is getting unhealthy. Don't really care about this new music streamer, I don't even know where to find Prime Instant Video if I wanted to use it.

 

Reiciendis molestiae facere at ut blanditiis aut officia. Consequatur aut est molestiae rem.

Fuga at dolorem aperiam. Sunt totam praesentium animi eos qui natus molestias facilis. Voluptatem laboriosam velit quibusdam nam occaecati consequuntur et.

Aut voluptas qui quos et repellendus. Molestiae laborum totam maiores dicta et et non molestias. Accusamus minima sed quia eos.

Assistant General Counsel - RE Portfolio M&A

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (89) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”