A startup called Color has raised a whopping $41 million from a group of funds including Sequoia Capital. Is the company’s photo-sharing app worth that much? Probably not. The funding is likely just a bet that the team involved will eventually come up with something worthwhile. Read More »
Tech
Sorry, “web song” buyers: Lala.com now says its service will be shut down on May 31. Whatever Apple is planning to do with Lala, the cloud-based streaming music service it acquired in December, it’s not going to keep the site functioning as it once did. Read More »
Apple’s updated digital music strategy will reverse commitments to desktop software and ownership of music files. Here are five ways its acquisition and integration of Lala reflect a paradigm shift in the way mainstream consumers will listen to music in the coming decade. Read More »
Apple is reportedly on the verge of acquiring streaming music site Lala.com, known for its 10-cent streaming songs and digital music locker service. Terms aren’t being disclosed, but the report implies that an agreement is in place, with only a final sign-off needed. Read More »
Updated to further clarify MySpace’s involvement: Google is set to lift the lid on its new music search system this afternoon, with a party at the Capitol Records building in Hollywood to celebrate the occasion. The product is a lot like what I’d
Earlier today, news emerged that Warner Music Group had taken a $33 million writedown on its investments in startups Lala ($20 million) and Imeem ($15 million). What that means is that Warner music is giving up on these ad-supported digital music startups and moving… Read More »
