WSJ Confirms Apple’s $85M Lala Purchase

The Wall Street Journal has confirmed that Apple has purchased La La Media Inc. for $85 million dollars. Apple is planning to use La La Media Inc. to adapt a usage model that would allow consumers to access and manage their iTunes purchases directly through the Internet, without downloading the content in question or the iTunes software.

With a new focus on Internet-based management, an iTunes user could log into their account and access and stream all their music from any computer with an Internet connection. Apple is expected to make these changes as early as January.