AOL has acquired music subscription provider MusicNow from Circuit City Stores Inc., said the company.

AOL will gradually migrate to AOL Music Now over the coming months subscribers of its existing music service, MusicNet@AOL. They will be notified via e-mail of the switch and they will maintain their current price plans.

MusicNow, founded as FullAudio in 1999 and based in Chicago, was bought by Circuit City in 2004 and has 40 employees. AOL Music Now will operate as a standalone subsidiary within AOL, which in turn is a subsidiary of Time Warner Inc.

AOL Music Now will be both an online music store and a subscription service. It will sell individual songs for US$0.99 and offer two subscription options: unlimited streaming and downloading to a PC for $9.95 per month and unlimited streaming and downloading to a PC and a portable music device for $14.95 per month.

MusicNow's library includes over 1 million songs from the four major music labels.

By: DocMemory
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