Monday, April 29, 2013

AOL Shutting Down Music Service

AOL has shuttered its entire Music division, the company announced on Friday, laying off the few dozen employees in a division that has faltered over the past few years.

News of the layoffs leaked on Friday afternoon, as staffers who were in attendance live-tweeted their own dismissals.

According to AllThingsD, AOL joins the ranks of the major portals offloading their music divisions over the past six years. 2006 saw Microsoft’s shuttering of MSN Music, while Yahoo closed the doors on its Yahoo Music services in 2008, as well as shutting down its MusicMatch service the year prior (just three years after acquiring it in 2004 for $160 million).

AOL Music, in particular, has waned in popularity with the rise of other streaming music services like Spotify, Pandora and the like, along with a series of executive departures.

AOL did not respond to a request for comment.

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