Amazon is planning to launch a new high-fidelity music streaming service with better-than-CD-quality audio, reports Music Business Worldwide. The new service is expected to cost around $15 a month, and it would sit alongside Amazon’s existing music services. These include Prime Music and Music Unlimited, which currently offer streams at a maximum of 256 Kbps, well below the 1,411 Kbps bitrate of CDs.
“It’s a better bitrate, better than CD quality,” said one of MBW’s sources, indicating the new service will put Amazon in direct competition with Tidal’s $20-a-month hi-res streaming tier. Tidal is able to offer these “Master” quality recordings, thanks to a partnership with hi-res music technology company MQA, although Amazon is reportedly…
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