REDWOOD CITY, Calif. (CBS.MW) -- EMusic.com shares powered up 25 percent Wednesday after the music Web site announced that it will introduce co-branded Web sites with three of America Online's brands.
The Redwood City, Calif.-based company (EMUS: news, chart) allows consumers to sample or buy music that can be downloaded from the Internet in the MP3 format.
EMusic.com shares gained 1 5/16 to 6 5/8 in recent trading.
EMusic.com's music tracks will be available to the millions of users of AOL's interactive properties. The brands include ICQ, high fidelity audio player Winamp, and leading Internet music service Spinner.com.
ICQ, acquired by AOL in June 1998, is the largest communications community with more than 50 million registrants worldwide.
Winamp is the leading high-fidelity audio player, which allows consumers the ability to listen to digitally downloaded music. Consumers can visit Spinner.com, acquired by AOL in May 1999, and download a free player.
"As a premier music partner of America Online's Interactive Properties Group, we are working together to bring the benefits and convenience of downloadable music to millions of people," said Gene Hoffman, president and CEO of EMusic.com.