RCR Wireless: Mobile Music Market Faces Many Challenges
The worldwide mobile music market will more than double in the next few years, exploding from $13.7 billion this year to more than $32 billion by 2010, according to a Gartner study and reported by RCR Wireless News.
“But splitting up all that cash won’t be easy,” the report said. “While boilerplate agreements don’t exist in the world of ringtones, music labels generally get about 50% of revenues from the music clips, and carriers demand roughly 40%.
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