Amazon Could Be Setting Up To Rival Spotify In The Music Industry
Image via Tada Images / Shutterstock.com
In the music streaming market, not many players can rival Spotify and Apple Music at the moment.
However, with reports that Amazon could be developing its own live audio offering focused on music, could there be a new player soon?
According to Engadget, it doesn’t come as a surprise that the company is expanding into the audio sector. It recently integrated Twitch into the Music apps, with plans to build a live audio feature into the streaming site. It had also acquired podcast producer Wondery in 2020.
There’s no doubt Amazon would face stiff competition should it try its hand in the live audio space. There’s Spotify and Apple Music, which focus on music and live concerts, and already have racked up exclusive deals with artists across the globe.
With Clubhouse and Facebook’s audio rooms, it’ll also stand against some giants for space in the audio live streaming arena.
Will Amazon take its competitors head on? Or will it be innovative and come up with something completely different and carve out a new market segment for itself? We’ll see soon enough.
[via Engadget, cover image via Tada Images / Shutterstock.com]
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