NEWS: Ringtone Sales Predicted to Decline

According to BMI, one of the most meaningless music markets will be declining in 2007. The sale of ringtones will decrease in the US in the current year according to analysts within BMI. Last year saw record sales, peaking at $600 million. According to their analysts, this year's sales are predicted to drop to a meager $550 million. Supposedly, the decline is a direct response to the increasing amount of real content available on cell phones as opposed to simple ring tones. How this market ever reached millions in revenue, let alone hundreds of millions in revenue is beside me. Don't fret just yet though, cell phone music clip investors, the ringback market is apparently on the rise in 2007. Read more here.