On the other hand, BMI projects that ringbacks will generate approximately $65 million in retail content revenues on the year. For those of you who are in the dark (as we were until a minute ago), a ringback tone is a musical work that is performed to the caller when placing a call to a participating mobile subscriber.
“As we forecasted last year, the ringtone market matured in 2006,” BMI VP of New Media and Strategic Development Richard Conlon confirmed. “The slowdown in ringtone growth, however, was partially offset by the first wave of promising
Since entering the market in 2001, BMI has tracked and processed more than a half-billion individual ringtone sales by title, artist and gross retail revenues generated. BMI also tracks titles and revenues associated with ringback tone services. BMI’s database of earnings and titles is believed to be the most comprehensive in the industry. BMI uses the data that it collects to distribute public performance royalties on a pro-rated basis to its affiliated songwriters, composers and music publishers.
SONG REVENUE: CALM BEFORE THE STORM
J. Cole has his moment; Future-Metro have another big payday. (4/19a)
WARNER CHAPPELL ROPES IN RED CLAY STRAYS
Another big get for Guy and Carianne (4/19a)
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/19a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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