iTunes Look Out.Amazon announced this morning that it plans to launch a music store later this year that will sell unprotected MP3 files from thousands of record labels. The Amazon music store, which does not appear to have a name yet, will offer “millions” of songs from over 12,000 record labels.

Apple is in hot pursuit of renegotiating contracts to offer the same. This isn’t necessarily breaking news to anybody, but the Associated Press confirms in its recent report that CEO Steve Jobs has been “layin’ it on thick” as the music studios’ contracts with iTunes have expired and the companies have entered renegotiations.

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