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Electronics Retailer Circuit City Buys Digital Music Firm MusicNow

Authored by Mark Hefflinger on April 2, 2004 - 8:37am.
Richmond, Va. -- Electronics retail store chain Circuit City announced that it will purchase the assets of Chicago-based digital music subscription service developer MusicNow (formerly FullAudio). Financial terms of the deal were not disclosed. MusicNow operates the digital music subscription services offered on websites for Clear Channel-owned radio stations, and also markets its library of 400,000 tracks to Best Buy and SBC Yahoo DSL customers. Under the deal, MusicNow will retain its current operations and staff, and Circuit City will integrate the company's platform on its CircuitCity.com site as well as within its 600 national Superstores.
tags: Digital Music | Electronics | Circuit | City |