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Cowen: Spotify leads a streaming industry on the rise, but watch out for Prime Music

New research from Cowen explores the current state of the streaming music industry and gave forecasts for its future. Spotify and Amazon emerged as two of the top brands to watch. The data predicted a compound annual growth rate of 4% for the 2016-2021 period, with on-demand music services expected to double revenue and secure a 40% share of the industry by 2021. Continue Reading

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Amazon unveils standalone Prime Video subscription

Amazon announced new month-by-month options for how its users can access Prime membership perks and its streaming video features. The entire Prime service can still be bought as an annual subscription for $99, but now is also available for $10.99 a month. That alone is a marked shift in Amazon’s model, but it has also made the Prime Video streaming service available as a standalone for $8.99 a month. Continue Reading

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Rumor Fact(ory): Will Amazon’s Prime Music become a standalone streaming service?

The New York Post is reporting that Amazon may have a vision for Prime Music far beyond the casual listenership it has attracted so far. The Post’s Claire Atkinson cited sources who said Amazon has hosted meetings about licensing music to create an on-demand music service. It is possible, likely in fact, that Amazon does have a grander plan for its music platform. But what exactly will they be? Continue Reading

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Amazon posts big holiday numbers for Prime (including Music)

The holiday shopping period is usually a gold rush for retailers, and Amazon is no different. The company issued a press release with some key points from its December performance, and it revealed not just powerhouse results from the shipping and retail departments, but a surprisingly strong outcome for Prime Music as well. Continue Reading

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Amazon Prime adds concert subscription add-on, hinting at a bigger streaming vision

Amazon Prime is the latest major company to add a concerts and live performance angle to its streaming service. It has made Qello Concerts available as an a la carte channel for its Prime members. Qello is an initial member of the Amazon Partners Streaming Program, which brings a la carte third-party video content to the platform. What might this signal about Amazon’s longer-term entertainment plans? Continue Reading