Amazon music service reportedly lacking Universal; Pandora +4.9%

|By:, SA News Editor

Amazon's (AMZN) Prime streaming music service won't feature Universal Music's catalog, the NYT reports. The NY Post reports something similar, while adding the service is expected to launch tomorrow.

The NYT also states the ad-free service "will omit most new releases" - BuzzFeed has reported only songs at least 6 months old will be offered - and that Amazon "used an outside firm to obtain 'compulsory' [songwriter] licenses" through federal copyright provisions, after publishers rejected proposed contracts.

Universal Music is one of the big-3 labels (along with Sony and Warner Music). Its artist list includes Eminem, Lady Gaga, Jay-Z, U2, and many other popular acts.

Pandora (P) closed sharply higher following the report. Its shares fell on May 30, after BuzzFeed's report arrived.

An Amazon event widely expected to feature a 3D smartphone launch is due a week from today.