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ivan@stellysee.de
| From | Michael Myers <mmyers1446@yahoo.com> |
| Subject | Apple purchases Lala.com |
| Date | Wed, 16 Dec 2009 06:17:06 -0800 (PST) |
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I just heard this news in the business news of the NY Times... I have been on the ride with Lala for a bunch of years, starting from the point when their main business model was acting as a sort of broker for people who wanted to trade their unwanted CDs (I think I had about 300 trades). As you probably know, when that business model fell apart, Lala switched to basically an on-demand streaming model. While I appreciate the free streaming capabilities of companies like Pandora, the one downside is that generally you can't hear a certain song specifically when you want to hear it, so I made the choice to pay $.10 per song to have a "web copy" of that song made available to me when and where I wanted it. The risk for me in this model was that Lala would not be successful and therefore my "investment" might disappear. The upside was that I got to have lots of cool music available to me on-demand when I wanted it. Plus, I was able to use their music
loader to "upload" all of the songs in my iTunes library (well, at least the ones that Lala has licenses for) so that I could access them if I wanted to no matter where in the world I travel (I do a lot of that).
Now that Apple has purchased Lala, I believe the risk of bankruptcy is minimized.
Mike
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