Apple Buys Lala, Tech World Screams

Apple today purchased Lala the online streaming music store.

All is not well though. Fans of Lala and in other areas where freaked out to hear this had happened.

This could be bad news for Lala users. It’s unlikely that the innovative deals negotiated by Lala will survive through the acquisition. For over a year, Lala users have been purchasing the rights to stream their music an unlimited number of times for ten cents per song. If the deals with the music labels go up in smoke, Lala may lose the right to stream those songs. In other words, all the money users have been spending on web songs may go down the drain. If the deals are nullified, hopefully Apple will renegotiate them to at least cover existing purchases until it releases its own streaming music service. – Tech Crunch

Some say this is a smart move for Apple has they where planning to provide a streaming music experience like Pandora. Most though say that is bad, that it will result in Lala going under, or that it will be too costly for it work.

So whats your comment on the matter?