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Ringtone sales to pass USD500m in US in 2005

TELECOMWORLDWIRE-11 February 2005-Ringtone sales to pass USD500m in US in 2005(C)1994-2005 M2 COMMUNICATIONS LTD .com

The US performing rights organisation, BMI, has released its sales projections for mobile phone ringtones in the US during 2005 and revealed that the market is expected to pass the USD500m mark, up from USD245m in 2004.

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BMI collected data from more than 225 different mobile entertainment outlets to come up with the figure. Since 2001 the company has tracked and processed more than 150,000,000 individual ringtone sales by title, artist and gross retail revenues generated.

A spokesperson for BMI said it believes that the growth in ringtones and mobile entertainment will continue through to the middle of 2006, and the ringtone market alone will double in size, reports Cellular News.

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