Sprint Nextel has launched a music download service that lets customers store up to 1,000 songs on their cell phones, pitting it against Apple Computer’s popular iTunes service. The Sprint Music Store, announced Monday, will allow consumers to browse, preview and, for $2.50 each, download files from the Sprint inventory, which includes songs from EMI …

America Online announced on Thursday that it has acquired MusicNow. With the technology of the Chicago-based online music service, which Circuit City Stores bought in 2004, the Time Warner Internet company plans to revamp its music customization and personalization features. AOL will gradually upgrade its current MusicNet AOL subscribers to a new service, called AOL Music Now. Competition among online …

Warner Music Group and MTV Networks will work together to create short music videos from Warner’s existing collection and distribute them on cell phones and other mobile devices. Under the license agreement, announced Monday, MTV has access to Warner’s global catalog to create and distribute shortened versions of videos. The selection will range from the record label’s stable of emerging …