Siemens Invests in Controversial Xingtone

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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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