AOL to offer five gigs of free online storage to users

Time Warner’s internet division AOL continues to reveal more plans on their upcoming free services targeted to gain more customers.

AOL has now revealed that they would offer a free online storage bin that will let people back up their photos, music and other important files.

The company plans to offer 5 gigabytes of free online storage to the users of their online services as they target to drive users away from competing services offered by Google, Yahoo! and MSN.

AOL aims to generate revenues from online advertisement on these services as the earnings from their ISP division is shrinking at a fast pace.

John McKinley, president of AOL Digital Services said in a statement on this new service initiative: “People are accumulating personal digital assets at a rapid rate, especially in categories like digital photos and videos.” AOL added that the users would be allowed to share the files stored online with their friends and relatives.