Ringtones, a $ 700 million market

According to a study released mid-january British by research company Informa Media Group, and reported by MSNBC, authors' collection societies collected $71 million in royalties from ring-tone sales in 2002, up 58 percent from the previous year.

The royalties figure — typically 10-15 percent of the total sales from ringtones — would suggest that the overall market is over $700 million annually, and quite possibly as high as $1 billion.  The proceeds are divided between operators, labels and the artists.

emily | 11:59 AM | Random Stats |
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