The mobile market in Asia is taking off, according to panelists at the Red Herring conference in Shanghai. “Vishal Gondal, CEO of Indiagames, a mobile game creator, predicts that in the next two to five years, people are likely to stop relying on laptops as their primary mobile device for communicating, accessing the web, and enjoying entertainment content. Instead they will employ their cell phones.”
They’re trying to protect themselves from the overseas industries, too. Tom Kirkwood, CEO of Mobile Internet Asia (MINT), said: “We try to avoid businesses that rely on intellectual property or media rights held offshore, we invest in blogging businesses where people create their own music.” Kirkwood sees the user-created market as a good opportunity, and I agree with him.
Bill Tai, a partner in Charles River Ventures of Menlo Park, California, said the United States is behind Asia in capitalizing on the growth of web-based services for mobile phone users. “The pace of innovation isn’t there [in the U.S.],” said Mr. Tai. “Service providers are trying to maintain existing revenue streams in the face of a lot of change.”
Related stories:
–Indian Music Industry’s Bitter Pill
–S. Korea Mulls Ban On Mobile TV For Motorists
–Malaysia Simplifies Ringtone Licensing As A Trial
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