In 2014, Amazon launched Music Prime, which became an add-on for Amazon Prime members and allowed Prime members to stream songs, music playlists, and personalized streaming stations ad-free, with the option to listen to music offline. Amazon Music is available to everyone, regardless if you have an Amazon Prime account or not. Amazon Music, formerly Amazon MP3, is Amazon's basic streaming service that features more than 100 million songs from both major label and independent artists. Nevertheless, Amazon Music is “looking at NFTs” owing to the “potentially large opportunity to allow artists to engage more directly with fans,” per Boom.Amazon is the largest e-commerce platform in the world, and when it comes to music, it has multiple offerings for consumers.
Elsewhere during the multifaceted conversation, Boom discussed Amazon Music’s ongoing expansion (“we have invested heavily in livestreaming and in merch”) and the inherent logistical advantages that its parent offers, besides the process behind licensing negotiations with the majors.Īnd regarding the emergence of non-fungible tokens, which Spotify embraced earlier in 2022, Boom made clear that he doesn’t “stay up at night worrying about NFTs” and doesn’t believe that they are “going to end the business.”
The Spotify head promptly confirmed that a 2023 price bump is likely for his service, which reported having 195 million paid users as of September’s conclusion. While the carefully worded remarks seem to leave the door open for price raises down the line, they contrast the comments offered by Daniel Ek in a different interview on the subject.
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