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Pandora (P) on Watch After Amazon.com (AMZN) Intoduces Amazon Music Unlimited

October 12, 2016 9:43 AM EDT

Pandora (NYSE: P) was in focus Wednesday after Amazon.com (NASDAQ: AMZN) announced its new streaming service, Amazon Music Unlimited. Shares opened slightly lower.

Amazon's new service will also compete with Apple (NASDAQ: AAPL) and Spotify.

Press release:

Amazon today introduced Amazon Music Unlimited, an on-demand music service that redefines music streaming by putting a catalog of tens of millions of songs and thousands of hand-curated playlists and personalized stations not just at the tips of your... More