The ringtone industry o make up 12% of total music sales by 2008

The ringtone industry, currently valued at about $3 billion world-wide, is expected to make up 12% of total music sales by 2008, according to a recent study by Baskerville/Informa Media, reports the WSJ.

"However, the value of the market "will start to level out as prices come down and the effects of home copying kick in," said Steve Mayall, an analyst with the U.K. research group.

As the sector grows, the music industry will likely need to expand its fight against online piracy to include Web sites that offer unauthorized ringtones, the study said."

emily | 2:47 PM | Random Stats |
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