Apple Now in the Streaming Music Business

Apple bought internet music site Lala.com late on Friday for an undisclosed amount. If you are not a member of Lala.com, the service allowed you to listen to your music from anywhere by simply streaming it across the net. Very neat, very cool, now very Apple.

WHat could Apple do with the service? A lot, but I speculate that one feature would be to allow the service to improve social tools on iTunes, allowing users more flexibility to recommend or comment on music on the store.

Maybe we may also see a subscription option to play into this. Who knows, but as we all find out more, we will discover what Apple has up their sleeves for the takeover.