AOL co-founder invests in online music platform

Washington D.C. – Steve Case, best known as the co-founder of America Online, is back as one of the key investors of Qloud, a online music platform that allows social network users to listen to their iTunes music libraries - and the libraries of their friends - for free.

Case, currently CEO and chairman of Revolution, was highlighted next to former AOL, Yahoo !, Warner Music Group, EMI Music and Island Records music executives as the main investor of the service, which claims to already have attracted one million registered users and 120 million recorded plays within Facebook over the past three months.

Qloud is positioned as an online music playback service that is promised to be delivered over a variety of social networks over time. The application accesses content such as audio and video in a user’s iTunes music library and allows free playback within Facebook. Music libraries can also be linked to other users within a network : According to Qloud, “play the most popular songs among their friends and social groups, and add their friends’ songs to their own online libraries.”

Case, after guiding America Online through a $106 billion merger with Time Warner in 2001, resigned from Time Warner’s board of directors in October 2005. In the same month, Case founded the holding company Revolution.