Amazon.com to Compete with iTunes and iPod

It looks like Amazon.com is going to compete with iTunes and iPod. Although the final agreements have not been reached, Amazon.com plans to launch its own digital music service. The new service may be available as soon as this summer. Amazon may work with such media giants as Sony BMG, Universal Music Group, Warner Music Group and EMI Group. Talks have indicated that the new service would include a portable music player with the Amazon.com brand.