April 30, 2004

Universal's Mobile Sales

Universal Music, the world's largest music label, has for the first time, released figures on its year-old mobile division. It said in an analyst call that the market for ring-tone enabled handsets would double in the next three years. In its first full year, the Universal Mobile division has generated underlying earnings of €5m ($ 6 million) on sales of €30m ($36 million).

[via Rafat Ali for Moco News]

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