Breaking news from Steve Jobs- Ping, the “social network” for music.
September 01, 2010
I’m so impressed with technology in general- it’s nothing new, but it’s still overwhelming at times. I’m watching a streaming keynote speech from Steve Jobs introducing Apple’s new products for the year, and talking with friends all over the country through Twitter.
To the conversation at hand, Jobs has moved on to Apple TV and left one big question here in the music industry hanging. Apple introduced Ping (a social network for music, which we may want to re-coin, a ‘social commerce network’ for music) but still hasn’t really answered the question of what the company has done with Lala.com, a streaming music company it purchased at the end of 2009 for around $17 million (http://www.macrumors.com/2009/12/07/apples-purchase-price-for-lala-80-million/). We may also see an answer to another question soon- what is Ping.fm, a social profile aggregator, going to do about the name?
There were articles written later this year saying Apple killed Lala, and that streaming subscription services weren’t a viable business model (http://www.beatweek.com/news/5330-apple-buys-lala-kills-it-off-teaches-geek-tech-pundits-a-lesson/) but it seems like the streaming model still has a chance, especially with new startups like rdio.com and the still-here-and-awesome Pandora.com.
In any case, it is continuously amazing what these folks, and everyone else in the tech space comes up with, whether it catches on or not. Looking forward to the future…