
27th October 2004, 01:56 AM
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Wishing Guardian
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Join Date: Aug 2002
Location: USA
Posts: 12,523
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Well, I think the fact that Billboard is doing this signifies that ringtones are beginning to be a significant source of income for American entertainment companies, and that they anticipate sales will grow.
Quote:
Spurred by the youth market, revenue for the service has skyrocketed, especially in countries like Japan and South Korea, where wireless data services have been adopted widely. The Yankee Group found that wireless telecommunication companies generated US$2.3 billion worldwide from ring-tone sales in 2003.
Only a small portion -- $80 million -- came from U.S. carriers, but interest here is rapidly rising. "Because ring tones are easy to understand and becoming simple to download, U.S. ring-tone revenue should pass the $1 billion in 2007," Adam Zawel, industry analyst at the Yankee Group, said.
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Source of quote: http://www.technewsworld.com/story/35225.html
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