Cell phone ring tone sales hit $3.5B
[Saw this item on Dave Farber’s IP list… amazing. Simply amazing. -Thomas]
http://money.cnn.com/2004/01/13/news/funny/ring_tones.reut/index.htm
Cell phone ring tone sales hit $3.5B
Those little jingles are turning into a big business.
January 13, 2004: 1:31 PM EST
LONDON (Reuters) - Sales of mobile phone ring tones, those tinny song
recordings programmed into millions of handsets around the world,
jumped 40 percent in the past year to $3.5 billion, according to a
study released on Tuesday.
The worldwide sale of ring tones, which started as a marketing gimmick
for music labels and mobile phone companies, is roughly equivalent to
10 percent of the $32.2 billion global music market.
[…]