Amazon is preparing a music streaming service to take on Spotify and Apple

Amazon is gearing up to take on Spotify and Apple Music with its own streaming music service, according to Reuters.

The service could be unveiled as soon as "late summer or early fall" and will cost $9.99 per month, the report notes.

Amazon already offers a streaming music service for its Prime subscribers called Prime Music, but its catalog is limited. The new standalone service is said to have a robust selection of music that's more comparable to Spotify's.

Reuters also notes that Amazon will have its music service integrate tightly with its voice-controlled Echo speaker, which already supports Prime Music, Spotify, and a number of other similar services.

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