Having transformed the music business once with iTunes and iPods, Apple is getting ready to do so again with a web-based service, according to a new report in The Wall Street Journal. whether so, the influential online music store could again change the industry by changing what it means to own a song.

About a week ago, Apple bought music-streaming service Lala in a move that was widely interpreted as signaling the computer maker’s intent to manufacture streaming

music a key part of its iTunes Store. According to the Journal’s unidentified sources, Apple plans to convert at least some aspects of the store into a browser-based service.

Cloud-Based substance

Music-streaming services like MySpace Music and Spotify have started to gain a large following. There has additionally been a lot of activity and discussion by movie studios and TV networks who want to avoid the crisis that digital distribution caused […]

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