Korean Online Music Stores To Merge
By Rafat Ali - Thu 10 Nov 2005 01:13 PM PST
Reigncom, the company behind iRiver music players, and SM Entertainment, one of South Korea’s largest music labels, plan to merge their respective online content stores.
Reigncom’s Yurion unit operates the Funcake online music store, and SM Entertainment’s Fandango Korea runs the ILikePop online music store. They will be combined to create a single company with a catalogue of 1 million songs and a combined user base of up to five million people.
