Amazon is officially in the music streaming business. 。

The online retail giant this week debuted Amazon Music Unlimited, its service meant to compete with Spotify and Apple Music. 。

The music streaming service costs $7.99 a month for Prime members — $2 cheaper than the $9.99 rate set by the major streaming options so far.  。

Mashable Top StoriesStay connected with the hottest stories of the day and the latest entertainment news.Sign up for Mashable's Top Stories newsletter。By signing up you agree to our Terms of Use and Privacy Policy.。By signing up you agree to our Terms of Use and Privacy Policy.。

Thanks for signing up!。

SEE ALSO:Why a Spotify executive is backing a new music composition startup。 But is that enough for Amazon to compete with the biggest players in music? On this week's episode of。Mashable 。

's business section podcast Biz Please, business editor Jason Abbruzzese, business reporter Kerry Flynn and I sat down to discuss Amazon's prospects and our own music streaming habits.。

Can Amazon draw Spotify subscribers who already have Prime?

Can Amazon draw Spotify subscribers who already have Prime? Will Prime subscribers who don't have a music streaming option finally sign up? What does Amazon's play mean for Spotify and Apple Music?

Listen to more about Amazon's push for music subscribers and what it means for the streaming business below. For more Biz Please, subscribe to the podcast on iTunes and find us here on Stitcher. TopicsAmazon 。