Ringtone Industry
Hunger for ringtone is showing no sign of reduction in sales. Global ringtone market is forecasted to grow at whopping $5.2 billion annually. Last year (2006) alone ringtones accounted for approx. $32.3 billion or over 10% of the worldwide music market.
The hip-hop artists contribution has accounted for more than half of the ringtones downloaded ringtones. No wonder that artists like 50 Cent, Mariah Carey, Red Hot Chilli Peppers are more than willing to compose ringtones It has already been forecasted by professionals that ringtone sales will surpass that of actual CD sales.
Its interesting to see as the battle between Kanye West & 50 Cent was nothing but a publicity stunt Kanye West had dreamed up to sell more records.
The hip-hop artists contribution has accounted for more than half of the ringtones downloaded ringtones. No wonder that artists like 50 Cent, Mariah Carey, Red Hot Chilli Peppers are more than willing to compose ringtones It has already been forecasted by professionals that ringtone sales will surpass that of actual CD sales.
Its interesting to see as the battle between Kanye West & 50 Cent was nothing but a publicity stunt Kanye West had dreamed up to sell more records.
posted by Ringtones Blog @ 1:49 PM
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