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Started as a Gimmick, Ring-Tone Sales Near $1 Billion: I will forever be amazed at the market for ring-tones…I can bet there are at least…

Started as a Gimmick, Ring-Tone Sales Near $1 Billion: I will forever be amazed at the market for ring-tones…I can bet there are at least 50 companies marketing ring-tones in U.S. alone. “A new study released Wednesday by London-based Informa Media Group said that authors’ collection societies collected $71 million in royalties from ring-tone sales in 2002, up 58 percent from the previous year…the royalties figure — which is typically 10-15 percent of the total sales from ring tones — would suggest that the overall market is over $700 million annually, and quite possibly as high as $1 billion. The proceeds are divided between operators, labels and the artists.”

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