Comments on: Warner Music Group Walks Away From Digital Start-Ups Lala and Imeem, Loses $33 Million

By: Apple to Shut Down Lala.com, Continue Sucking the Fun out of Music Discovery | netZoo

Fri, 30 Apr 2010 19:50:30 +0000

[...] $20 million investment by Warner Music Group. Warner dumped both Lala and iMeem in May 2009 citing losses of $33 million. Lala was acquired for an alleged $80-85 million by Apple in December 2009 (or as [...]

By: Apple Buys Music Service Lala, at a Fire Sale Price | The iMagazine

Apple Buys Music Service Lala, at a Fire Sale Price | The iMagazine — Sat, 05 Dec 2009 09:40:29 +0000

[...] But Warner Music Group (WMG), which had previously invested $20 million in Lala, wrote down $11 million of that. And a source tells me that the Apple transaction reflected a similar discount, meaning that investors will be lucky to get 50 cents on the dollar on this one. [...]

By: Confirmed: Apple in Talks to Buy Music Service LaLa | Peter Kafka | MediaMemo | AllThingsD

Fri, 04 Dec 2009 22:17:30 +0000

[...] earlier this year Warner Music Group (WMG), which had previously invested $20 million in the company, wrote down $11 m…. Unless Apple sees an enormous valuable — and hidden — gem in LaLa’s asset mix, [...]

By: Done Deal: MySpace Buys Imeem For Up To $10 Million | Peter Kafka | MediaMemo | AllThingsD

Thu, 19 Nov 2009 03:15:40 +0000

[...] retrospect, Warner’s move to write off all of its investment in the company in May was 100 percent [...]

By: Why imeem Really Sold Out

Why imeem Really Sold Out — Wed, 18 Nov 2009 03:02:10 +0000

[...] Capital, one of the long time backers of imeem, opted out of funding the company. In May 2009, Warner Brothers wrote off a $16 million charge, but gave imeem new money and forgave future royalty payments in exchange for more equity. And that [...]

By: Confirmed: MySpace Looking to Buy Imeem | Peter Kafka | MediaMemo | AllThingsD

Tue, 17 Nov 2009 14:42:53 +0000

[...] which were killing the streaming music site. But that wasn’t enough to prevent investor Warner Music Group (WMG) from writing off the money it had sunk in the service (though Warner later ended up increasing its stake in the service [...]

By: Imeem’s Recap Round Doesn’t Include Sequoia

Imeem’s Recap Round Doesn’t Include Sequoia — Wed, 30 Sep 2009 17:42:49 +0000

[...] (A TechCrunch report this morning pegs the valuation at $6 million.) Warner Music, which in May wrote off a $16 million charge on a prior Imeem investment, provided some of the new money, essentially forgiving future payments [...]

By: Exclusive: Warner Music Group Gets Back Together–Very Cautiously–With Imeem [MediaMemo] | UpOff.com

Mon, 15 Jun 2009 19:50:46 +0000

[...] which told investors last month that it had written off the $16 million it had invested in the Web music start-up, plus another $4 million in debt, has made a new deal with company and will get another slug of [...]

By: Exclusive: Warner Music Group Gets Back Together - Very Cautiously - with Imeem | Peter Kafka | MediaMemo | AllThingsD

Mon, 15 Jun 2009 18:58:09 +0000

[...] which told investors last month that it had written off the $16 million it had invested in the Web music startup, plus another $4 million in debt, has made a new deal with company and will get another slug of [...]

By: EMI recupera (mais ou menos) mas Warner afunda-se | Remixtures

EMI recupera (mais ou menos) mas Warner afunda-se | Remixtures — Fri, 08 May 2009 16:26:34 +0000

[...] Music Group parece ter sido o investimento em serviços de streaming de música online. A editora acaba de declarar como prejuízo mais de metade do seu investimento de 20 milhões de dólares (cerca de 15 milhões [...]

By: Is Warner Music Killing Music Startups

Is Warner Music Killing Music Startups — Fri, 08 May 2009 04:49:08 +0000

[...] Malik | Thursday, May 7, 2009 | 9:49 PM PT | 0 comments Earlier today news emerged that Warner Music Group had taken a $33 million write-down on its investments in startups Lala ($20 [...]

By: Warner Music???Imeem??????????????????$4M

Warner Music???Imeem??????????????????$4M — Fri, 08 May 2009 01:36:09 +0000

[...] Warner Music Group??imeem?Lala????????????????????????????????????????????imeem???????Lala????????????????????SEC??????10Q????????????????imeem?????????$16M?1600?????Lala???????????$11M?1100????????????imeem???????????????$4M?400?????????????????????$33M?3300????????????????? [...]

By: Warner Music writes off $33M in music startups Imeem, Lala | Newsfed - Aggregate local and tech stories with related videos and tweets!

Thu, 07 May 2009 23:02:47 +0000

[...] Warner could still potentially work out a cheaper streaming licensing deal with imeem, according to MediaMemo. Imeem has also raised a small amount of money, and is starting to see more revenue from [...]

By: The Far Edge » Blog Archive » Warner Music Says Imeem Is Worthless, And Owes It $4 Million Which It Can’t Collect

Thu, 07 May 2009 20:32:05 +0000

[...] an investor in both imeem and Lala, thinks they are no longer worth much, if anything at all. It wrote down its entire investment in imeem and half of its investment in Lala in the most recent quarter. As [...]

By: Warner Music Says Imeem Is Worthless, And Owes It $4 Million Which It Can’t Collect | Viningmedia Nieuws

Thu, 07 May 2009 19:13:01 +0000