AOL said Thursday it has acquired MusicNow, a digital music subscription company.
"The MusicNow transaction allows us to super-serve our AOL members and expanding web audience with a truly best-in-class, full-service, digital music platform -- giving us the opportunity to offer an unparalleled music service," Edmund Fish, AOL's senior vice president, said in a news release. "Combined with leading programming on AOL Music, the easy-to-use features for music browsing, discovering, sharing, and purchasing of MusicNow provide a new level of customization and personalization of online music. AOL's users have been asking for these next-generation features to be a part of their music experience -- and AOL Music Now will deliver them," he added.
Founded in 1999, the Chicago-based MusicNow was purchased by Circuit City in 2004. Under the AOL ownership, the company will remain in Illinois. Financial details of the agreement were not disclosed.
Copyright 2005 by United Press International
Explore further: Social Security spent $300M on 'IT boondoggle'