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Feb 24, 2005 • 1 min read

Mobile music earnings to triple

Universal Music Group's mobile division predicts mobile music revenue will rise from $5.3 billion to $15.8 billion a year over the next five years.

CMU Editorial CMU Editorial

Universal Music Group's mobile division reckons that the value of mobile music will rise from $5.3 billion to $15.8 billion a year over the next five years as audio and video downloads join ring tones as profitable revenue streams in the mobile sector. With that in mind, some are now saying the mobile music sector could become more important that the internet based download sector in years to come. Others might argue that the two sectors are essentially the same thing and those departments working in online and mobile music projects will have pretty much merged in five years time anyway.

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