Tag - Lala
Sony's share value surged by as much as three percent in Japan on Tuesday after a rumor that Apple was considering it a buyout target. The rush was triggered by speculation by Barrons that the company's $51 billion in cash might be used to buy a major company, with Sony as just one of the targets. Original author Eric Savitz has since said it was "pure speculation" and was likely taken too seriously by Japanese investors.
Apple may be raising doubts among music labels that are keeping Spotify from a US launch, insiders alleged on Thursday. Senior officials from Apple reportedly told record studios in Los Angeles that they had "serious doubts" Spotify's model, which is led by ad-supported free service and $10 monthly subscriptions, could be profitable. The unnamed CNET sources also noted that Apple thought the service could take away from per song sales at not just its own iTunes store but others as well.
Apple's cloud-based iTunes services aren't likely to be as ambitious if launched this year and are switching to video, sources said late Monday. Major labels have been told that a 2010 plan would be "modest in scope" and wouldn't include storing music directly on Apple's servers. Previous rumors had hinted at more conventional streaming that would either use Apple's own copies of content or stream content from the user's own computer to an iPhone or similar device.
Industry contacts said on Wednesday that MySpace Music could turn to a subscription model. Backing an earlier story, the rumor asserts that the social network's executives have talked to labels about an unlimited service. Progress isn't known by CNET or others, but the new approach could be ready by the end of the year.
Apple's remote iTunes streaming may indeed be in development but is waiting on music licensing deals, tips revealed on Friday. It has talked with the top four labels but supposedly doesn't have the deals it would need. The iPad producer could already stream from a user's iTunes collection through the Internet without a license, CNET understands, but it would need to do more to stream directly from its own servers.
The CEO of Warner Music, Edgar Bronfman Jr., has refused to confirm or deny Apple interests in a streaming music service. Speaking during a Wednesday financial call, the executive dodged any direct answers about Apple plans. "Apple is not currently a retailer involved in an access or subscription model," he commented. "I'd probably like not to speculate on what Appleís plans are -- it's really interesting technology that it acquired in the Lala acquisition. That's a question that Apple management should answer."
Apple is reading a web version of iTunes but isn't close enough to switch it on after it shuts down Lala next month, leaks from the music industry hinted today. The company is now believed to be in talks with labels but that the progress is "preliminary at best." Such timing makes it unlikely to go live in time for WWDC on June 7th.
Streaming audio service Lala today said it would shut down on May 31st. The closure follows five months after the buyout by Apple late last year and will see Lala stop taking new users, or paying for web-only songs, effective immediately. Customers can still buy MP3 copies of songs outright and will get iTunes Store credit if their account has a positive balance.
Apple's rumored streaming iTunes locker won't be ready until the summer at the earliest, music business contacts claimed on Wednesday. A service for storing a user's music online had once been pegged for the spring but now reportedly has been pushed back until at least a season later. What created the setback wasn't mentioned to CNET in the apparent leak.
Google may be embarking on a company buyout to counter Apple's buyout of Lala, a rumor argues today. The search firm is believed to be considering a buyout of Catch Media, a startup focused on routing e-books and media across multiple devices and services. It has deals with all four major music labels that would let users keep access.
Now AAPL Stock: 94.02 ( -2.58 )
Seagate 3TB unreliability suit expands
The Seagate 3TB class-action hard drive lawsuit has been expanded to more devices. The expanded suit, filed today, now includes Seagate's Barracuda 3TB Hard Disk Drive,¬†Desktop HDD 3TB, Backup Plus 3TB External Hard Disk¬†Drive,¬†GoFlex 3TB External Hard Disk Drive, or any other Seagate hard drive with model number ST3000DM001. The law firm, Hagens Berman, is seeking information from consumers such as time in service, purchase price, and the nature of any drive received in return from Seagate as a replacement for a failed unit. http://bit.ly/1Pc34Cq