Amazon is launching its own streaming music service

Amazon is launching a paid streaming music service, the latest entry in an increasingly crowded field. Amazon Music Unlimited is being positioned to compete against existing services such as Spotify and Apple Music. It will cost 8 per month, or 80 a year, for members of Amazon's 99-a-year Prime loyalty program. Non-Prime members will pay 10 a month, the same monthly fee charged by Spotify and Apple Music. Owners of Amazon's Echo smart speaker, meanwhile, will be able to get the unlimited music service on one device for 4 per month.