Amazon Launches New Music-Streaming Plan

The transcript discusses Amazon's efforts to expand its music catalog, making it more competitive with services like Spotify. It highlights Amazon's strategy of bundling music streaming with Echo devices, offering a sweet deal for Echo owners. The discussion also covers the potential threat Amazon poses to competitors like Spotify and Pandora, emphasizing Amazon's slow and steady approach to gaining market share.

What is Amazon's strategy to compete with Spotify in the music streaming market?

• Offering a free music streaming service

• Expanding its music catalog and bundling with Echo

• Partnering with Apple Music

• Reducing the price of Prime membership

How does Amazon plan to attract more users to its Echo device?

• By providing unlimited data for Echo users

• By introducing a low-cost Echo and bundling it with music streaming

• By integrating Echo with gaming consoles

• By offering free Echo devices with every purchase

What additional capabilities does the Echo device offer beyond music streaming?

• It can control smart home devices and order food

• It can play video games

• It can only stream music

• It can be used as a mobile phone

What is Amazon's approach to competing with established music streaming services?

• A rapid and aggressive market entry

• A slow and steady increase in offerings

• A focus on exclusive artist partnerships

• A complete rebranding of its music service

Which companies are considered potential competitors to Amazon's music streaming service?

• Microsoft and IBM

• Google and Facebook

• Spotify and Pandora

• Netflix and Hulu