Lala.com, the popular website dedicated to music streaming, has just announced its imminent closure. A message published on the website’s homepage announced last Saturday that Lala will close its doors on the last day of May.
The site has stopped accepting new users, and the existing users will only be able to keep on enjoying the services offered by the company till this closing date. As a reward for the loyalty of its users, Lala has decided to give its customers credit for purchases made at the iTunes Store, the equivalent of the total sum spent on song purchases made in the past on Lala.com.
The announcement of its closure comes just five months after its acquisition by Apple, a fact that has led to speculation that the closure is a response to
Apple’s aim to launch its own "cloud-based"
streaming service (probably a subscriber service developed as an extension of its iTunes Store) using Lala’s technology, team and know-how.
http://www.lala.com/
