US Ringtone Sales Expected to Decline in 2007
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US Ringtone Sales Expected to Decline in 2007
RingTones download market is huge. I never knows that it is so big and even that, they are saying that it is a decline. USD 550 million is certainly not a small sum and their estimates are based on more than 520 million individual, detailed ringtone transactions analyzed by the organization over the past 12 consecutive quarters with census sales data on more than 325 outlets for the sale of mobile entertainment in the U.S
Broadcast Music (BMI) has released its annual projection for U.S. ringtone sales and for the first time released a U.S. ringback tone market projection for 2007, estimating that the 2007 music ringtone market will dip to US$550 million in retail sales, down US$50 million from calendar year 2006. BMI says that it has pegged the market at US$600 million in calendar year 2006, US$500 million in 2005, US$245 million in 2004 and US$68 million in 2003. BMI projects that ringbacks will generate approximately $65 million in retail content revenues in 2007, the company’s first market estimate of the long-awaited rollout of the ringback tone market
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