Apple Acquires Music Service Lala
Apple Inc has acquired digital music service Lala, as the dominant online music retailer explores new models for selling songs.
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ITunes is the leading music service in the United States with more than 70 percent of all digital music sales and it is the leading music retailer overall.
But newer music streaming services from the likes of News Corp's MySpace Music and Spotify have begun to win over music fans in the last year.
The Lala service allows users to stream from the Internet any tune in its catalog of more than 8 million songs once for free, and then sells unlimited streams for 10 cents per track and MP3 downloads starting at 79 cents.
ITunes is the leading music service in the United States with more than 70 percent of all digital music sales and it is the leading music retailer overall.
But newer music streaming services from the likes of News Corp's MySpace Music and Spotify have begun to win over music fans in the last year.
The Lala service allows users to stream from the Internet any tune in its catalog of more than 8 million songs once for free, and then sells unlimited streams for 10 cents per track and MP3 downloads starting at 79 cents.
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