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Amazon and Pandora Media to embrace lower subscription charges

They will launch new streaming services said to be priced as low as US$5 a month

Major players such as Amazon Music are gunning for a new business model as research shows that customers will spend about US$67 this year on recorded music, down from US$80 in 1999.

New York

HOW much are people willing to spend for streaming music?

For years, thanks to rigid pricing structures at streaming services, the answer has been stuck at US$10 a month or nothing. But that model may soon be challenged by two giants of online media: Amazon and Pandora...

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