Amazon to take on iTunes

Amazon will be taking on Apple and iTunes with its own music service and MP3 player, according to the Wall Street Journal. Excerpt:

Now Amazon, the world’s No. 1 online retailer, is in advanced talks with the four global music companies about a digital-music service with a range of features designed to set it apart. Among them: Amazon-branded portable music players, designed and built for the retailer, and a subscription service that would deeply discount and preload those devices with songs, not unlike mobile phones that are included with subscription plans as part of the deal.

The service could be rolled out by summer, according to the WSJ.

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