Big numbers fly back and forth in one of WMG’s recent SEC filings – they took a bath on the quick turnaround deal they did buying Lala and selling it again almost immediately to Apple. They will obviously have taken advantage of their brief ownership to Ctrl + C the technology involved in Lala’s service, so keep your eyes peeled for a proprietary store in the near future. Hopefully for them, the value they managed to take out of the company was equal to the $11 million difference between what they bought it for, and the $9 million they sold it to Apple for. The accounts department can’t be too unhappy at the moment, as they’ve signed cheques to the directors for nearly double their 2007 income – $14 million in various different forms, salary, bonuses etc.
In an attempt to win creators over to Live Audio Rooms, their Clubhouse rival, Facebook are reportedly handing out huge cheques.
The new vertical Spotify feed in the mobile app uses Canvas videos to help listeners discover new music via short previews.