MUSIC INDUSTRY: Ringtone Sales Fizzling

Broadcast Music Inc. (BMI), an organization that collects royalties for song writers and publishers, is forecasting that overall ringtone sales in the US will fall 7 percent in 2008 to approximately $510 million. “The ringtone market continues to decline as the novelty phase wears off,” said Richard Conlon, BMI’s vice president of new media and development...

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