Amazon is about to launch a full-fledged subscription music streaming service, say two knowledgeable sources. The service, which will put Amazon in direct competition with Apple Music and Spotify, will be priced at $9.99 per month and offer a catalog of 30+ million songs. Amazon, which is currently inking licenses with record labels, is expected to introduce the service in late summer or early fall. The company currently offers a free streaming music service to its Prime subscribers, but the catalog is limited. Continue reading Amazon Readies Subscription-Based Music Streaming Service

Nielsen reports that the number of hours people ages 12 to 17 watch traditional television has dropped seven percent in the last five years, indicating that teens watch less television than any other age group. Meanwhile, over 75 percent of this age group use Facebook and 25 percent use Instagram. Recent statistics have highlighted a shift in younger viewers’ habits from traditional television programming to digital short form content such as YouTube, Vine and Instagram videos. Continue reading Teens Shifting From Traditional TV Content to Online Videos