- Amazon (NASDAQ:AMZN) launches its Amazon Prime Music service in India. Local competitors include Apple (NASDAQ:AAPL) Music and Tencent-backed Gaana.
- The service comes free with Prime memberships, which cost about $15.30 annually in the region.
- India’s online retail market is expected to hit $200B in the next decade. Amazon committed to investing $5B in the market to battle competitor Flipkart.
- Skills rewards: Amazon expands its rewards program for developers making popular Alexa skills.
- The program initially only included game developers then extended to limited other categories, but now Amazon will reward those developing the top skills for kids.
- Other covered categories: Education & Reference, Food & Drink, Health & Fitness, Lifestyle, Music & Audio, and Productivity.
- Amazon says it has paid out “millions of dollars” to developers in 22 countries and that some earn “tens of thousands of dollars.”
- Amazon shares are up 0.9%.
- Previously: Axios: Amazon will acquire video doorbell startup Ring (update) (Feb. 27)
- Previously: Recode: Amazon selling UFC pay-per-view packages (Feb. 28)
- Now read: Amazon.com Q4 2017 Earnings Call Slides
Original article