Ringtone sales expected to pass $600M in 2006

BMI estimates that the retail sales of ringtones will pass the $600 million mark, an increase of 20 percent from sales in 2005, reports Nashville Business Journal.

BMI pegged the ringtone market at $245 million in 2004 and $68 million in 2003. The organization's estimates are based on more than 360 million individual ringtone transactions it has analyzed over the past seven quarters. BMI tracks census sales data on more than 325 outlets for the sale of mobile entertainment in the United States.

"We also see 2006 as the make or break year for the ringback tone market, which is still in the novelty phase in the United States," said Richard Conlon, from BMI. "Additional music-based revenues should be realized from mobile subscription music services, which have just begun U.S. roll out."

BMI has tracked and processed more than 360 million individual ringtone sales by title, artist, and gross retail revenues generated since 2001. The organization uses the data to distribute public performance royalties on a pro-rated basis to its affiliated songwriters, composers and music publishers.

Regine | 8:56 AM | Random Stats |
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