Amazon enhances Prime

Article Excerpt

AMAZON.COM $334.38 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206- 266-1000; www.amazon.com; Shares outstanding: 460.2 million; Market cap: $150.8 billion; No dividends paid) has launched Prime Music, a music streaming service that’s now bundled with a $99-a-year Amazon Prime subscription. This is the fourth part of the Amazon Prime service. The other three are unlimited shipping, a Kindle e-book library and Prime Instant Video (streaming movies and TV shows). Prime customers spend three to four times more than regular Amazon shoppers. The company’s music service will start off with just over a million songs, with no ads and no limit on how much users can listen. It will also offer playlists curated by music experts Amazon will hire. Amazon.com is still a hold. hold…