updated 09:55 am EDT, Fri August 26, 2005
Rio line discontinued
, which markets the Rio brand, today announced it would exit the mass-market portable digital audio player business. D&M Holdings is based in Tokyo and owns the Denon, Marantz, McIntosh Laboratory, D&M Professional, ReplayTV, Rio and Escient brands. The company's decision to exit the Rio business followed a determination that the "mass-market portable digital audio player market was not a strong enough strategic fit with the company's core and profitable premium consumer electronics brands to warrant additional investment in the category."