Tuesday, April 25, 2006

Mobile Music Sales > Conventional Music Sales

According to the Cellular Operators' Association of India, the mobile telecom lobby, the size of the mobile music industry which is about $115 million now, is set to touch $170 million by this year end, exceeding revenues of the conventional music industry like compact disks and audio cassettes by about $5 million.

"The mobile music downloads is growing at a scorching pace -- over 50 percent a year," said TV Ramachandran, secretary general of COAI, "whereas growth of legal conventional music is stagnating."
...
Between the European countries and Asia, Asia leads the way accounting for half of all mobile subscriptions in 2005. "Penetration of music-capable phones in Asia is the highest in the world, given consumers' willingness to pay more for their phones in Asia," the report said.
...
"Moreover, within Asia," says Sudhanshu Sarronwala of Soundbuzz, a Singapore-based distributor of online and mobile music, "India has the fastest growing mobile population where digital music is predominantly mobile music."


Tags: mobile, software, smartphone, emerging

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