GO
Loading...

Enter multiple symbols separated by commas

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.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.