Well, La Di La La

Things we pay $1 for:

• Gummi Worms
• "High Enough" by the Damn Yankees, iTunes
• those little packets that guarantee "freedom from hangovers!"
• a vendor hot dog

Soon enough, we might be spending only a buck on a used CD. LaLa is a site that basically serves as a giant flea marketplace, an "online music co-op," for trading CDs with other users. The site provides the envelopes to send used CDs between users, with personalized wishlists and the polite request to erase tracks from your digital library once you've sent your CDs along. 20% of all the cash goes to the artist.

Due to drop July 4, the website is in its beta version at the moment, with users allowed a trial by invite only. INVITE ONLY. We're Pavlov's dogs with no chow at this juncture. Anybody tried it yet?

A couple of major investors have just recently given the project some backing cash. These investors (Bain Capital and Ignition Partners) also happen to back Warner Bros.

Warner Bros., of course, would rather you buy that CD new... Jaded Insider predicts cross eyebrows from the Warner Bros. folk, if not a flaming bag of dog poo.