February 7, 2005
BMI Forecasts U.S. Ringtone Sales to Hit $500 Million This Year
BMI, the U.S. performing rights organization representing more than 300,000 songwriters, composers and music publishers, released its sales projections for ringtones in the United States market today.
BMI predicts that the market will surpass $500 million in retail sales, up from $245 million in calendar year 2004 and $68 million in calendar year 2003. BMI bases its projection on census-based sales data that it aggregates from more than 225 different outlets for the sale of mobile entertainment.
Since entering the market in 2001, the company has tracked and processed more than 150,000,000 individual ringtone sales through the third quarter of 2004 by title, artist and gross retail revenues generated.
BMI's database of earnings and titles is believed to be the most comprehensive in the industry. BMI uses the data that it collects to distribute public performance royalties on a pro-rata basis to its affiliated songwriters, composers and music publishers.
Company Press Release.
The Permanent Link to this page is: http://www.textually.org/ringtonia/archives/2005/02/007015.htm
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