
Xingtone, the LA-based controversial ringtone making software company which has created a lot of buzz in the music and wireless industry, has received its first round of institutional financing lead by Siemens Mobile Acceleration, a venture division of Siemens…
The amount was not disclosed…The firm sells a $15 software package that allows consumers to transfer songs and other digital content that they already own to their cell phones.
The ringtones-online music market disconnect, which I’ve written about extensively here, cannot be sustained for a long time, the company believes. “Xingtone is proof that an open market model affords a greater consumer experience making it easy for them to merge their digital and mobile lives. Content does not have to be bound to a single medium; it can follow you wherever you go,” said Xingtone president and founder Brad Zutaut, in a statement.
Related:
– The Mobile-Online Music Disconnect: What Will It Take
– Ringtones Jump From PCs to CDs
– Bypassing Operators, Label Signs Deals on Ringtones
– Record label runs ring tones around wireless carriers
– Primetones.com allows users to create ring tones from PC music
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