December 25, 2006
Ringtones/Mastertones Could Mean Millions for Artists and Labels
According to reports
Informa Telecoms and Media are projecting a $6.8 billion mastertone business by 2010, which could possibly mean happier labels gaining more profits. MemphisRap.com reports.
"Currently, Justin Timberlake is one the top mastertones (also known as ringtones, true tones, realtones, or ringtunes) for 2006 ranking in at number 2 for Sexyback selling more than 1,130,000 and number 6 for My Love with over 780,000 sold.
It's stated that BMI, known for collecting royalties for members of their organization that are songwriters, composers and music publishers like ASCAP is projecting revenues to surpass $600 million in 2006 for U.S ringtones which is $100 million more than last year.
London based ARC Group reports have been noted as stating that in the past year sales have grew more than 40% and have accounted for more than 10% of the music market ($3.5 billion) globally. The group is forecasting a growth in sales to exceed $5.2 billion which will carry on into 2008."
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