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AOL Buys MusicNow
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Yahoo! has Yahoo! Music, Apple has iTunes, and Sony music has a scandal (oops). Now AOL has MusicNow.
AOL announced this week that they have completed an agreement to purchase the online music portal.
AOL is integrating MusicNow into their fold, where it will replace their previous music service, MusicNet @ AOL. The new service will be known as AOL Music Now, and is already available to new subscribers.
The acquisition of MusicNow gives AOL “a truly best-in-class, full-service, digital music platform,” according to Ed Fish, senior vice president and general manager of AOL’s premium and subscription services, who added that the AOL purchase of MusicNow would allow AOL to provide “unparalleled music service” to its users.
MusicNow may have been particularly attractive to AOL because in addition to its catalog of over 1million songs, MusicNow has partnerships with all of the major record labels.
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