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Amazon is reportedly negotiating royalty rates with major music labels for a streaming service that will cost $9.99 per month.
Amazon is reportedly getting into the music streaming subscription business. The company seems like it can do no wrong at the moment, Cramer said.
Amid reports Amazon is developing a music streaming service, TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said he wishes Apple purchased Pandora, Spotify and Songza.