Amazon.com Inc. is planning to start a service that would let people store music and video online and access it from various digital devices, people familiar with the matter said.
The company could announce the effort as early as Tuesday, the people said.
Amazon is still working out key legal issues related to the service, these people added. Most notably, Amazon has yet to secure content licenses from at least some major record labels and movie studios.
One major music company, Sony Corp.’s Sony Music Entertainment, expressed dismay at Amazon’s plans, echoing concerns of others in the industry. “We are disappointed that the locker service that Amazon is proposing is unlicensed by Sony Music,” a spokeswoman said Tuesday evening.