No, It’s Not Instagram: Photo-Sharing App Picplz Raises $5 Million
Mixed Media Labs, the parent company behind photo-sharing app Picplz, has raised a $5 million Series A round led by Andreessen Horowitz. Up until now Picplz, which works on both Apple's iPhone and Google's Android platforms, has been best known as the new project from Dalton Caldwell, who ran music service Imeem until it collapsed...
Digital Music Distributor The Orchard Goes Private (Again)
The Orchard, which distributes digital music and video to the likes of Apple's and Amazon's online stores, is going off the public market. The New York-based company is being bought out by its parent, private equity shop Dimensional Associates, and stops trading tomorrow. Shareholders will get $2.05 per share, and they're apparently okay with that...
Why Digital Music Is a Terrible Business That Google Should Embrace
Digital music is a lousy business. Almost everyone who tries it loses money, and even mighty Apple says its iTunes Store is basically a break-even proposition. But if Google does it right, it makes perfect sense for the search giant to jump in anyway.
Confirmed: Apple Buys Music Service Lala, at a Fire Sale Price [UPDATE]
Apple has purchased online music service Lala, I've confirmed with a source familiar with the transaction. Both Bloomberg and CNET reported the chats earlier today. If you'd like other confirmation, New York Times also reports that the deal has closed.
Confirmed: MySpace Looking to Buy Imeem
Going, going, gone: The last of the Web 2.0 music are dwindling away. The latest is Imeem, which in the process of being purchased by MySpace, I've confirmed.Haven't heard a purchase price yet, but I wouldn't expect much, given that this deal, like the iLike purchase MySpace made earlier this year, is an "acqhire" --...
Sue or Sign: EMI Trades Lawsuit for Deal With Music Start-Up Grooveshark
Well look at that: EMI Music Group, which had been working on a licensing deal with music start-up Grooveshark but ended up suing it instead, now has a licensing deal with Grooveshark after all.
