|Consect foresees $300 million US ringtone market this year|
Posted: 22-Sep-2004 [Source: Conset]
[Consect reports mobile phone ringtones sales will total $4 billion in 2004 with US totals doubling from 2003.]
New York -- Consect, the leading provider of US mobile market analysis, including ringtone and other mobile entertainment metrics, charts and reports, announced the release of its 2004 Mobile Music Report. The report indicates global mobile phone ringtone sales will total $4 billion in 2004. In the US market, total sales have doubled from $150MM in 2003 to more than $300MM for 2004, making the US one of the fastest growing -- and largely untapped -- markets for mobile music.
"With ringtone revenue in 2004 more than double that of 2003, the US mobile music market has finally come of age," said Mark Frieser, CEO, Consect. "Surpassing $300MM this year, ringtone sales are becoming a significant component of the music industry's business, exceeding that of digital music downloads even at this early stage of the market."
In other regions, ringtone revenues reach $1.5 billion for Western Europe, $0.5 billion for Korea, and $0.7 billion for the rest of the world.
The 2004 Mobile Music Report, published by Consect in association with Billboard, is a comprehensive,150-page report that details the companies, issues, technologies, content, companies and areas poised for growth, with projections and charts to 2008 and a detailed analysis of mobile revenue streams, deal strategies, licensing breakdowns and a competitive analysis of the US, European, Asian and emerging markets for mobile music.
Consect is hosting its preeminent mobile music event with the Second Annual Miami MobileMusiCon at The Ritz-Carlton South Beach, Miami, Florida on November 18-19, 2004. Featuring keynotes, speakers and attendees comprising the top executives of the mobile music industry, the MobileMusiCon program is designed to provide access to new technologies, products and services, as well as high-level networking, dialogue and discussions with top mobile, music, artist management and technology industry executives.
The summit will include such topics as: Licensing and Payment Models; Mobile Ringtones, Ringtunes, Ringbacks, and Images; Mobile Music Applications and Platforms; and Mobile Music Marketing, CRM and Data Collection. Top-rated speakers will present innovative business, financing, marketing, and technology strategies for the mobile music industry.
Sponsors include 9 Squared, Inc., Chaoticom, Comverse, Gracenote, Hal Bringman Public Relations, (HBPR, LLC), Impact Mobile, Modtones, Nellymoser, RSA Security, Secure Digital Container, Upoc Networks, Inc., Widerthan.com, Xingtone and Zingy. The program is supported by Business News Americas, Digital Media Wire, Mobile Economy GmbH, Mobile Intelligence Tour, MobileIN.com, PMN Publications, RCR Wireless News, SymbianOne.com, Urban WorldWireless, Wicked Wireless and Wireless Watch Japan.
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