Apple to Buy Radio App Swell for $30 Million

Multiple resources report that Apple is close to buying the radio app Swell for about $30 Million. Swell’s iOS app created personalized streams of various podcasts and shows.The Swell app is to be shut down this week.Much of the Swell team is to join Apple. This deal is yet another in the string of content apps that Apple have picked up over the past few months. LINK

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Amazon to introduce Prime Music Streaming Service

After Apple acquired Beats Electronics Inc, Amazon has pulled up sleeves to make an equally robust music streaming service available to more consumers. Currently, Amazon is working on the back-end to introduce the Amazon Prime Music Streaming service to its customers in couple of months. Just like the Prime Instant Video, the music streaming service is expected to offer free Radio-like streaming of songs and there would be subscription involved. The bummer here is that it will not include recent releases but instead restrict its catalog to songs and albums that are 6 months old and older. LINK