GO
Loading...

Napster to Provide Service for AOL Music

AOL, a unit of Time Warner , said Friday that online music retailer Napster will become the exclusive music subscription provider for AOL Music, replacing its AOL Music Now service.

The company said about 350,000 Music Now subscribers will be transferred to Napster's digital music subscription service -- unless they decide to opt out -- and that it will post links to Napster throughout AOL Music.

Napster said it will recreate the customers' existing personal Music Now music libraries, including any original playlists they have created. It will also save and keep Music Now's current pricing tiers for migrating subscribers and transfer any prepaid track credits they have in their accounts.

The service transfer is expected to be complete within the next 60 days. Financial terms of the deal were not disclosed.

Symbol
Price
 
Change
%Change
TWX
---

Featured

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • Discussing retailers' attempt to get customers in stores during the summer, with Jan Rogers, J. Rogers Kniffen Worldwide CEO, and CNBC's Courtney Reagan.

  • Tuna Amobi, S&P Capital IQ analyst, discusses what investors need to see from Amazon, and how much of a threat Alibaba poses to the company.

  • Discussing the difficulty in calling the market's next direction, and what current trends reveal, with Mark Okada, Highland Capital co-founder and CIO, and Dan Greenhaus, BTIG.