Tuesday, June 28, 2011

Slacker Powers AOL Internet Radio Service

San Diego-based music streaming service Slacker has inked a major deal with AOL, to power a new online Internet radio service. AOL said today that it is relaunching AOL Radio in a partnership with Slacker, which will offer both free and premium Internet radio to users. Financial details of the relationship were not announced. The deal came with AOL's Huffington Post Media Group. AOL said there will be three product tiers to users; a free, AOL radio service; and ad-free version; and a personalized and customized premium service. Slacker is headed by Jim Cady, and is venture backed by such firms as Austin Ventures, Centennial Ventures, Mission Ventures, Rho Ventures, and Sevin Rosen Funds.

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