The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics around the investing world.
Amazon.com has apparently signed deals with four record labels for its cloud-based music service. The online retailer clearly has its sights set on Apple's iTunes and the digital distribution of music. The company wants to continue to push into distributing all forms of digital media, which includes streaming movies like Netflix. The move is likely to give more content options for the Kindle Fire going forward, which could make the tablet more desirable than ones from Dell. David thinks this is a good move for Amazon.com and believes it will continue to push hard in this direction. Ultimately, this should be good news for Amazon's share price.
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