Amazon Music Has Over 55 Million Listeners, and It's Growing Fast
Amazon (NASDAQ: AMZN) introduced a streaming music library for Prime members all the way back in 2014. It actually beat Apple (NASDAQ: AAPL) to the market by about a year, in its efforts to capitalize on the sensation and type of service Spotify (NYSE: SPOT) eventually popularized.
But it's only in the last couple years that Amazon has started focusing on the potential for its music streaming service. And that focus is paying off.
The company now has 55 million listeners across its music streaming service for Prime members, its newer ad-supported service, and its more robust Amazon Music Unlimited service. That still trails Spotify's 248 million global listeners by a wide margin, but it's closing in on Apple's 60 million subscribers.
Source Fool.com
