Amazon.com Inc and Pandora Media Inc are planning to launch new versions of their streaming music services in coming weeks, the New York Times reported on Sunday, citing several anonymous people with knowledge of the matter. The company plans to launch a full-fledged on-demand platform by Christmas. Such a platform, priced at $10 a month, would compete with Spotify and Apple Inc’s Apple Music. 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, the Times reported. Amazon was preparing to launch a standalone music streaming subscription service at $9.99 per month, in line with major rivals, Reuters reported in June, citing sources.

Source: Hindustan Times September 12, 2016 00:45 UTC