Its sole product was an online service called Game Line for the Atari 2600 video game console, after von Meister's idea of buying music on demand was rejected by Warner Bros.
Subscribers bought a modem from the company for US.95 and paid a one-time US setup fee.
Game Line permitted subscribers to temporarily download games and keep track of high scores, at a cost of US per game.
AOL rapidly declined thereafter, partly due to the decline of dial-up to broadband.
AOL was eventually spun off from Time Warner in 2009. Under his leadership, the company invested in media brands and advertising technologies.
On May 12, 2015, Verizon Communications announced plans to buy AOL for $50 per share in a deal valued at $4.4 billion.
AOL began in 1983, as a short-lived venture called Control Video Corporation (or CVC), founded by Bill von Meister.
In January 1983, Steve Case was hired as a marketing consultant for Control Video on the recommendation of his brother, investment banker Dan Case.
In May 1983, Jim Kimsey became a manufacturing consultant for Control Video, which was near bankruptcy.
Kimsey was brought in by his West Point friend Frank Caufield, an investor in the company.
(simply known as AOL, originally known as America Online, stylized as Aol.) is an American global mass media corporation based in New York that owns brands and web sites such as The Huffington Post, Tech Crunch and Engadget.
The company's business spans digital distribution of content, products, and services, which it offers to consumers, publishers, and advertisers.
AOL was one of the early pioneers of the internet in the mid-1990s, and the most recognized brand on the web in the U. It originally provided dial-up service to millions of Americans, as well as providing a web portal, e-mail, instant messaging and later a web browser following its purchase of Netscape.
At the height of its success, it purchased the media conglomerate Time Warner in the largest merger in history.