Popular online music sharing site and music store Lala.com which was acquired by Apple late last year just announced earlier today that it would be shutting down its services on May 31st. For those who aren’t familiar with the site, Lala.com is an online music store that allows registered members to purchase mp3s, buy new CDs, purchase “web songs” or upload their own songs and create online playlists which can play full-length songs and can be shared to other Lala members. The site also has a social feature/community where members can leave comments on other member’s pages and participate in the forums.
Although this is an unexpected and unfortunate announcement especially for Lala users, this shouldn’t come as a surprise because Lala.com does compete with Apple’s music store – iTunes. Lala.com is no longer accepting new users, existing users on the other hand can still access the site and those who have credits will receive iTunes credits. Apple’s move to shutdown Lala fuels rumors that they will be launching a web-based iTunes store.
Anyone here who’s a registered member of Lala.com? What are your thoughts on Apple shutting down Lala? Please share your thoughts by leaving a comment below.
Another one bites the dust. Corporations acquire independent success stories, drains the know-how out of them and kill them off. Burp…..NEXT
This is how basically large corporate entities do business. They will try to take control over their competitors in any way possible as long as they see you as a threat. Im just curious on how much they spent in order to acquire Lala.. heheheh