⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

Amazon Prime Music comes to India; Alexa skills get more rewards

Published 02/28/2018, 02:03 PM
© Reuters.  Amazon Prime Music comes to India; Alexa skills get more rewards
AAPL
-
AMZN
-
  • 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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.