Apple to Enter the Music Streaming Business?
Apple is entering the music streaming service with the reported acquisition of Lala. Lala.com is an online music store and CD trading website that allows members to legally create online shareable playlists from their own uploaded music. Based on industry sources, Apple is interested in bringing some of Lala’s engineers on board because of their expertise in streaming technology. The sources also said Apple is impressed by Lala’s technology that scans users’ hard drives and creates duplicate music libraries that can be accessed from Web-enabled devices. Lala, along with other similar online music providers like Ruckus and SpiralFrog, were struggling to turn their experimental business models into profit. Newer schemes were tried like ad-supported music but to no success. These companies either close shop or be acquired by bigger ones in order to survive, like what is reported to happened to Lala.
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Tags: Apple, Lala, Streaming media
December 5, 2009 9:37 am 
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