Amazon's hoping to launch a new music streaming service

Amazon is apparently preparing to go head-to-head with Spotify and Apple Music by launching a subscription-based music streaming service.

While Amazon Prime users can already listen to around one million songs on the site for $99-a-year, reports state the newly-proposed streaming platform would charge a separate monthly fee.

Sources claim it would cost $9.99 per month, according to the NY Post, with a "much more robust music selection".

Although the plans are still in early development, it's thought the company is hoping to launch the service in autumn.

Dave Turner is Mixmag's Digital News Editor, follow him on Twitter here