Amazon Music is Now the Fastest-growing Service

Amazon Music has overtaken Apple Music and Spotify as the fastest growing music streaming service. According to a report by the Financial Times, the service grew 70% in the last year alone outpacing its two main competitors.

In April Amazon had more than 32 million subscribers to all its music services including Unlimited and Prime Music. By contrast, Spotify, the world’s largest streaming service with 100 million subscribers, is growing at about 25 percent a year.

Additionally, that figure also includes Amazon Prime Music, which is free for Amazon Prime subscribers. Amazon Music Unlimited, a library that contains more music that the regular Prime Music (50 million songs vs. 2 million songs), is available for $9.99 per month or $7.99 per month for Prime subscribers.

Spotify has over 100 million subscribers while Apple just broke 60 million subscribers last month.

Amazon has gained momentum propelled by its ubiquity with consumers and Alexa, its popular intelligent assistant, which can play music through voice commands issued to its wireless Echo speaker.

Source: Financial Times