Founded in Miami, Florida in 1998 during the Dot-com bubble by Ivan J. Parron, and Ricardo Decubas, the company was the leading Latin music download website and an early predecessor to Apple Inc.'s now highly successful iTunes business model of selling digital music downloads over the Internet.
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Ritmoteca.com aggregated exclusive digital distribution rights from over one hundred independent Latin music record labels and amassed a library of over 500,000 music tracks and videos, including exclusive digital distribution rights to catalogs of some of the worlds top renowned Latin artists such as Marc Anthony, Tito Puente and Celia Cruz.
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.