Amazon is planning to release its own music streaming service

Amazon is looking to compete more directly with Spotify and Apple with the launch of a new music streaming service, according to a report from Reuters. The service, per Reuters’ anonymous sources, is expected to launch by early Fall and will cost $9.99 a month for access to a library of streaming songs. The Seattle-based e-commerce giant is said to be finalizing its deals with the major music labels. Amazon already offers music streaming through its Prime Music service, an add-on feature available to people who subscribe to the $99 annual Prime membership. That membership also includes access to Prime Video, which streams original and licensed TV shows and movies. These services have traditionally come bundled together but the Jeff Bezos-led company recently has shown a willingness to separate them. In April, Amazon announced that it would begin offering an $8.99 monthly subscription to just Prime Video, a move aimed directly at competitors like Netflix and Hulu.