Record labels offering low-priced music streaming service in UK

London

TWO major record labels are rolling out a low-priced music streaming service in the UK, a rare foray by record companies directly into the field and another sign the industry is finally moving towards more flexible pricing.

Now That's What I Call Music, a joint venture between Universal Music Group and Sony Music Entertainment that releases a popular series of compilation albums, is finalising a streaming app called NOW Music+ that will offer playlists of hit songs for £4.99 (S$9) a month, or £5.99 if purchased in Apple's App Store, people familiar with the mat…