Performing rights organization Broadcast Music Inc. (BMI) today announced its mobile music market revenue projections for 2009, with predictions that “ringback” tones will hit a new high in sales this year. The company calculates that sales will surpass $235 million in 2009, up 15 percent from last year, and Richard Conlon, Vice President of BMI, justifies the number by saying that:
Continue reading...“The relationship with the mobile phone has transcended voice communication, and the increase usage in music and audio-visual offerings illustrates that. Ringback tones’ revenues are growing as more subscribers sign up for and increase the number of tones in their libraries. It is a music use area that we see a continuing growth rate for.”
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