{"id":2524,"date":"2010-01-13T13:42:22","date_gmt":"2010-01-13T12:42:22","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=2524"},"modified":"2022-06-09T12:30:07","modified_gmt":"2022-06-09T11:30:07","slug":"give-and-take-at-wmg-lala","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/give-and-take-at-wmg-lala\/","title":{"rendered":"Give and Take At WMG &#8211; Lala and the Bosses"},"content":{"rendered":"<p>Big numbers fly back and forth in one of WMG&#8217;s recent <a href=\"http:\/\/secwatch.com\/filings\/view.jsp?formid=6955419\">SEC filings<\/a> &#8211; 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&#8217;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&#8217;t be too unhappy at the moment, as they&#8217;ve <a href=\"http:\/\/www.hypebot.com\/hypebot\/2010\/01\/highlights-of-new-warner-music-sec-filing.html\">signed cheques<\/a> to the directors for nearly double their 2007 income &#8211; $14 million in various different forms, salary, bonuses etc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big numbers fly back and forth in one of WMG&#8217;s recent SEC filings &#8211; 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&#8217;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&#8230;<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[2132,1599,1020,2131,648],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Give and Take At WMG - Lala and the Bosses - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/give-and-take-at-wmg-lala\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Give and Take At WMG - Lala and the Bosses - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"Big numbers fly back and forth in one of WMG&#8217;s recent SEC filings &#8211; they took a bath on the quick turnaround deal they did buying Lala and selling it again almost immediately to Apple. 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