Ringtone sales worth USD1 billion annually

16 Jan 2003

A study by London-based Informa Media Group claims that the market for mobile phone ringtones is now worth between USD700 million and USD1 billion annually. The study also reported that the authors’ collection societies earned USD71 million in royalties from the sale of ringtones in 2002, up 58% year-on-year.

International,

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