News broke Wednesday that the shareholders of Color Labs voted to "wind down" the company, but it now appears it may live on in some other form with rumors of the company being purchased by Apple instead.
When Apple purchased music streaming service LaLa this past spring, the company's faithful followers held our breath in the hopes of something great waiting a-tiptoe in the wings. turning red in the face, we knew in our hearts that Steve Jobs was going to let us in on 'one more thing' at an upcoming Keynote. Yes, streaming iTunes subscriptions would soon be upon us. Apple bought out LaLa in order to utilize their exisiting technology! In no time at all, we'd be enjoying our entire music collection everywhere we went, all served up from the coulds perhaps even from our MobileMe accounts. Life was looking pretty sweet.
We're no longer holding our breath. Keynotes have come and gone. No announcment surrounding the introduction of a streaming service has been made. As we stand near the cusp of 2011, are we any closer to seeing our musical content on-the-hoof dreams come true? If the New York Post has their facts straight, we can tell you this: Maybe.
When Apple consumed the popular Lala music service last December, many expected a swift transition that would finally bring iTunes into the cloud. With the Lala service shut down back in May, the service seemed more imminent than ever, and yet still we have nothing. So what’s going on?
Speculation ran rampant after Apple’s acquisition of Lala.com that Cupertino was planning to store your music library in the cloud. But a recent report finds that they don’t plan to stop there, with Hollywood and video being the next targets.
Buying music has always involved tough decisions. Rolling Stones or
Beatles? CD or LP? The mall or the indie record store with the cute
cashier? These questions have plagued music fans for decades, but the
iTunes Store changed everything. Thanks to its convenience, huge
catalog, and iPod-friendliness, iTunes now sells more music in the
United States than any other retailer, either online or
brick-and-mortar. But choices remain. iTunes competitors have sprung up
all over the Internet, clamoring for your dollars.