After Apple acquired lala, the idea came in buzz that Apple may use it for their online streaming service. The Music Executive has confirmed that the idea of iTunes on cloud is real.



Another prediction that Apple's acquisition of streaming music service Lala will result in a cloud-based iTunes service was offered Tuesday, with a digital music executive suggesting purchased content will be available from any browser or Internet-connected device.

Read more at Apple Insider

For years there’s been speculation that Apple would supplement their $1/song (now $1.29) iTunes business with a monthly subscription service, but their upcoming plans are quite different and once again are positioning them to lead the digital music industry into a new era. Leveraging their ubiquitous iTunes software Apple plans to upgrade their users almost over night to a cloud music service in an ambitious move to beat Amazon and others to a cloud music service. Record labels are wary to give Apple even greater dominance which is why Apple’s new strategy is designed to sidestep new licenses from the major labels.

Read more at Tech Crunch

Right now, their new Cloud Player doesn't do all that much, we'll admit. In fact, we're sorry to say that it actually seems overwhelmed and broken. When trying to create a playlist, we just see the spinning circle. When we tried to play a track, all we got was a message: "transferring data from api.soundcloud.com." Obviously, this app is nowhere near ready for primetime. It looks like a great idea, sure, but one that's only a pretty picture of what could be. We love that idea, though - an app for finding and playing tracks, discovering music, saving playlists, even creating smart playlists - all in the cloud.

Read more at Read Write Web