Apple will close down its recently-acquired LaLa.com service on May 31, the company revealed in a bried message posted on the streaming music service’s website. Existing users will be able to log in until the end of next month. Continue reading
With European success behind the firm, Spotify is planning to launch in the UK, even while fresh reports confirm (what we’ve been saying for some time) that the cash artists get from streaming services isn’t enough to justify prosecuting file-sharers.
A Billboard analysis shows that even the amount of money earned by top artists from on-demand streams and noninteractive streams (such as Internet radio) is, in plain terms, shockingly low. “Of the more than 100 artists examined to compile the Money Makers list, only 10 made more than $2,000 from noninteractive streams in 2009,” a Billboard report eplains.
Interestingly, the labels seem to do alright out of the streaming music deal. Rob Wells, the senior vice-president Digital for Universal Music Group International says Spotify was Universal’s fourth largest digital partner last year in terms of the amount of revenue it generated for the company.