These agreements gave the company online digital distribution rights for artists such as U2, Madonna (entertainer), Britney Spears, Enrique Iglesias and Jay-Z.
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In 1998, Miami entrepreneur Ivan J. Parron, president of successful web development company Internet Marketing Consultants, Inc., founded and launched Ritmoteca.com as one of the early online music store business models.
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CandyRat Records is an independent American record label and online music store located in Menomonee Falls, Wisconsin.
Its holdings include ownership of various major EDM promoters (and in turn, major festivals, such as Tomorrowland, Electric Zoo, Stereosonic, Voodoo Experience, and a 50% stake in Rock in Rio among others), several nightclubs in the Miami area, the online music store Beatport, and several music-oriented web development firms.
But Meltzer was rumored to have invested heavily in a startup called CD Now, an early online music store, which later sold to Amazon becoming its music arm.