Business Services Industry
RBT brings digital music revolution to next level.
Wireless Asia, July, 2006
Even more than the iPod and similar MP3 digital music players, the mobile phone has now become the major driving force behind the ongoing digital music revolution.
According to the International Federation of the Phonographic Industry (IFPI), digital music sales tripled to $1.1 billion last year from $380 million in 2004, as music via the Internet and mobile phones proliferated and spread across the world. Digital music accounted for about 6% of total record company revenue last year, up from practically zero two years ago. Mobile music, meanwhile, accounted for 40% of record company digital revenues, proof that the mobile phone is becoming an increasingly popular portal music device.
Ringtones marked the beginning of the mobile music era, but the...
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