Amazon and Pandora planning to launch new music streaming services

1780 Inc and Pandora Media Inc are set to launch its new versions of music streaming services in coming weeks.

Pandora could announce its plans to expand its $5-per-month platform this week, with possible features including skipping more songs or storing several hours of playlists, said the sources. The company plans to launch a full-fledged on-demand platform by Christmas. The platform could be priced at $10 a month, would compete with Spotify and Apple Inc’s Apple Music.

Amazon, meanwhile, is expected to reveal a platform with a wide array of music for $10 per month plan or about half that amount for customers using its Echo voice-activated speakers.

Both companies are close to completing months of negotiations for deals with record companies and music publishers that will allow them to offer the new services.

Amazon was preparing to launch a standalone music streaming subscription service at $9.99 per month, in line with major rivals.

Amazon did not respond to a request for comment. Pandora declined to comment too.

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From ITvoir News Desk