Amazon is Readying a High Fidelity Music Streaming Service: Report

Amazon is in discussion with various large music rights-holders regarding the launch of a high fidelity music streaming platform -- and that at least one major record company has already agreed to license it, news outlet Music Business Worldwide reported this week. sqorbit shares a report: MBW has heard this whisper from several high-placed music industry sources, who say the price of Amazon's new tier will likely be in the region of $15 per month. It's expected to launch before the end of 2019. 'It's a better bit rate, better than CD quality,' said one source. 'Amazon is working on it as we speak: they're currently scoping out how much catalog they can get from everyone and how they'll ingest it.' The best known existing hi-def music streaming offering comes from TIDAL, whose TIDAL Hi-FI subscription tier costs $19.99 per month and offers CD-quality lossless streams at 44.1 kHz / 16 bit. In addition, TIDAL also offers a 'Masters' quality offering for pickier audiophiles, which presents thousands of albums at 96 kHz / 24 bit.

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