Shares of Amazon(AMZN) - Get Report were higher Wednesday as it launches its new paid music streaming service. Amazon Music Unlimited is joining the increasingly crowded field and will compete against Apple(AAPL) - Get Report Music and Spotify. Amazon's service will cost $7.99 a month for members of Amazon's Prime loyalty program. Non-Prime members will pay $9.99 a month, while owners of Amazon's Echo will be able to get the service for $3.99 a month.
Employees of TheStreet are restricted from trading individual securities.