Amazon and Pandora’s $5 streaming music services will reportedly launch in the next few weeks

Amazon and Pandora are readying new music streaming services for launch in the coming weeks, the New York Times reports, with both companies planning to undercut competitors like Spotify and Apple Music by charging as little as $5 a month for subscriptions. Pandora's service is set to launch first, the NYT reports, its cheaper subscription arriving as soon as next week, while Amazon is expected to offer a $5-a-month streaming option to owners of its Echo speaker weeks later.

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