Lala Media, the startup music streaming company that Apple recently acquired, has announced that it will be ceasing operations on May 31st. This has lead to speculation suggesting that Apple will soon be launching an online streaming version of iTunes in the near future. MediaMemo’s sources think otherwise. Sources tell me that in the past […]
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Lala Music to Shut Down, Cloud Version of iTunes Not Likely for Some Time

Lala Media, the startup music streaming company that Apple recently acquired, has announced that it will be ceasing operations on May 31st. This has lead to speculation suggesting that Apple will soon be launching an online streaming version of iTunes in the near future. MediaMemo’s sources think otherwise.

Sources tell me that in the past few weeks, Apple has started signaling to the labels that it’s interested in a Web-based version of iTunes, its dominant music retail platform. But those conversations are preliminary at best.

Reportedly Apple has been pitching the idea of buying music, and then streaming that purchased song to multiple devices, to several music labels. Surprise, surprise, this idea has been met with resistance. The music labels claim the need for higher prices, and Apple and consumers in general aren’t keen on that idea.

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