San Francisco – The manufacturers of iPod music player, Apple finally managed to buy the music site Lala.com. The site is a provider of streaming music applications with a decent speed.
“Each time, Apple was always to buy some companies that were deemed worthy of purchase. But we were not allowed to provide any information about the plan,” said Apple spokesman Steve Dowling, was quoted as saying by the Associated Press, Monday (7 / 12 / 2009).
Likewise with the information about the acquisition price of the Apple provided, Dowling declined to disclose anything about it.
In addition to providing music for download and in-stream, Lala is reportedly planning to release a streaming music service with unlimited time period. This means that every visitor possible Lala.com to stream the desired song list at any time, at any time, just by the cost of 10 cents per song.
Although the quality of the songs on Lala.com is still much better than it in iTunes, but every time visitors are allowed to listen to sample songs on-stream within a few seconds. Even the songs in the Lala.com has a price far cheaper than iTunes, 69 cents up to approximately USD1, 29 per song.
Company based in Palo Alto, California has been established since 2006 at a cost of approximately USD35 million through joint funding from Bain Capital LLC, Ignition Partners and Warner Music Group.