Ringtone Royalties Top $71 Million
So, the music industry claims that they're losing money left and right from people downloading MP3s. They're desperately looking for new ways to make money, and now it seems like ringtones are a potential source of cash. Royalties from ringtones are growing rapidly, bringing in $71 million last year. Certainly, that's a drop in the bucket compared to their main sources of revenue, but it's growing fast and both the music and mobile phone industry think that the ringtone market still has plenty of room for growth.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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