I remember downloading Winamp as one of the first pieces of software on my new Gateway 2000 when I first got AOL. Since then a number of other music players have come and gone and now Winamp is getting ready to ride off into the sun. AOL has announced that the service will no longer be available after December 20, 2013, ending a 16 year run that began on April 21, 1997. The software was purchased by AOL in 1999 and it began a downward slide in popularity with the release of Winamp3 in August 2002. A number of other releases and updates have been made since then but it hasn't been enough to stop AOL from pulling the plug. It is estimated that Winamp still pulls in around $6 million in revenue annually and still has a user base in the millions and AOL isn't revealing the reason that it is being shutdown.
Source: Toms Hardware