Ringtones Continue to Generate Revenue

Ringtones are providing music labels and wireless carriers a chance to build a vibrant, piracy-proof market for songs, video clips and other wireless entertainment. At a time when illegal "peer-to-peer" sharing of songs hurts the music industry, many companies are seeing success in wireless ringtone sales. According to research firm Consect, ringtone sales topped $4 billion worldwide and $300 million in the U.S., in 2005.

Source: Reuters