Sources tell CNet that AOL has been in talks with Project Playlist about potentially funding the music service. "Whether or not those talks with AOL yielded anything is unclear, but music
industry sources said AOL kicked the tires," it reports. Reached by email, Project Playlist founder Jeremy Rimer had no comment.
A few years ago, the service was being eyed as a potential challenger to other ad-supported music services like MySpace Music and Imeem. Owen Van Natta helmed the company for five months, before defecting to MySpace. Complicating matters, two of the four major recording companies filed a copyright suit against the site. The lawsuit is still pending, according to CNet, while the company has been successful at licensing music from Sony Music Entertainment and EMI Music.