According to the Wall Street Journal, the store will have "millions of songs" from "more than 12,000 record labels" including EMI, the label that will be releasing DRM-Free tracks via iTunes some time this month. However, unlike the iTunes store, Amazon tracks will be available in MP3 instead of Apple's AAC.
No word on a launch date. All we know is that the Amazon Music Store will be available "some time later this year."
This will be a BIG story on this week's episode of On Digital Media.
WSJ story here. (Is it just me, or is that a terrible illustration of Jeff Bezos? Subscription Required.)
[tags]DRM, Amazon, Amazon Music Store, iTunes, Apple, EMI, Music, Downloads, Digital Media, Record Labels, FairPlay, iPod, MP3, AAC[/tags]