August 29, 2005

Missed This Milestone In Digital Music [5:09 pm]

The day Rio’s music died

The Japanese company that makes the Rio line of MP3 players is shuttering its portable digital-audio division.

Rio parent D&M Holdings said on Friday that the ultra-competitive business no longer fit its market strategy.

Although it has only a small market share compared to Apple Computer’s iPod, the Rio brand name has been linked with the early days of digital-music history since weathering a lawsuit from the recording industry that aimed to shut down the MP3 hardware business.

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