

Spotify shares are down more than 6 percent since Amazon’s announcement, based on the competitive implications. The Amazon Music app was previously only available on the Amazon Echo. The announcement came after Amazon expanded the free, ad-supported version of Amazon Music to the iPhone, Android devices, and Fire TV.
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The capability will also be rolled out to Sonos speakers and Bose smart speakers, the company said. The capability previously required a paid Spotify subscription.
