3 posts and columns on music label

Is Apple Finally Worried About Amazon’s Music Store?

in Media on March 2, 2010 at 3:14 pm PT

Amazon’s MP3 store hasn’t done much to weaken Apple’s grip on the digital music business. But that doesn’t mean Apple isn’t paying attention. Translation: Good luck buying big new albums at a discount via Amazon’s “Daily Deal.”

Lala’s Fire Sale That Wasn’t: What Apple Really Paid

in Media on December 7, 2009 at 10:49 am PT

On Friday, I reported that Apple was buying Lala at a fire-sale price, which meant that investors in the music service wouldn’t get their money. I was wrong. Apple ended up paying around $80 million for the company, according to multiple sources. That’s less than half what investors valued the company at in 2008, but it’s more than the $35 million the company raised throughout its life. Which means that some investors could get their money back and more.
lala logo

Warner Music Group Walks Away From Digital Start-Ups Lala and Imeem, Loses $33 Million

in Media on May 7, 2009 at 4:44 am PT

Last year, Warner Music Group boasted about its investments in two digital music start-ups. Today the label says those dollars were wasted. Bummer for imeem, which is trying to raise more money.
victrola