30
May
Music available for downloading onto mobile phones is a lifeline for the shrinking global music industry and critical to wireless providers with an urgent need to recoup investment in their networks. Worldwide revenue from sales of mobile music is projected to increase from $434 million in 2005 to $7.7 billion by 2010, in a new eMarketer report. While sales of music in digital form will comprise 35% of the overall music industry revenue by 2010, sales of music onto mobile phones will make up 65% of that digital slice of the music pie.
[Judging from the losses at Vodafone this week, they’ll be looking to this harder than ever now… – ed]
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