Palo Alto, Calif. -- Lala.com, a Palo Alto-based start-up that facilitates CD trading between members through the mail, said that it has officially launched its service. The company claims a catalog of 1.8 million album titles available from its members, who pay Lala.com $1.49 for each CD they receive from another member. Lala.com said that it also has established a charitable foundation for musicians -- the Z Foundation -- to which it will contribute 20% of its CD trading revenue to compensate artists. The company estimates monthly contributions of between $10,000-$50,000 to the foundation, which will focus on providing health and dental care to working musicians.
http://biz.yahoo.com/prnews/060608/sfth049.html?.v=61
http://www.lala.com
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