Gartner's latest figures on the digital music industry show that downloads are growing, but while subscriptions are minimal, ring and ring-back tones are still netting $2.1bn, to general surprise. Gartner reckons online music revenue till top $6.3bn in 2011, which compares to the $15bn or so spent on physical media (CDs and LPs …
2.1 billion revenue plus...
... the surrounding economy in terms of media storage, sysadmins, call centers.
Good returns to bad rubbish ?
And they say today's youth are IT savvy
In other news, people spend 2.1bn on totally unnecessary non-assets which they could get for free if they could be bothered, while the economy collapses.
That's 2.1bn which has been reallocated, not "made." Nothing has been "made" in this except a few media server hosts and networking kit, probably in China and Malaysia.
Parting fools from their money is a time-honoured profession.
Why do people buy those?
once again, dodgy reports
somebody hasn't done their homework. Three Mobile has been offering dialtunes successfully for a while as have Orange and Virgin Mobile all do very well. Only problem really is that the labels get greedy wanting too high share of revenue and by the time you pay PRS there is less to share around!