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Why Ring Tones Are So Popular… And Why Prices Are Going Up

 
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L'Quan Johnson

Do you remember Grandmaster Flash? His boombox? He shared his beats with the streets and it made him a legend. One’s musical preferences and styles have long been an important part of distinguishing yourself from the crowd. Sure, there was Grandmaster Flash strutting down the street with his boombox, but what about the guy rolling up to you in Compton slammin’ his beats in your face. Like it or not it’s a personal statement. Thing of the popularity of cell phone skins, bumper stickers, patches, and more. This is simply an extension of this constant fad – except this one seems unlikely to go away.

With the advent and pervasiveness of ring tones, the masses have been able to pick up their favorite tunes on their cell phones. Customers love it. Record companies love it. As quoted in a recent newspaper article: “’Digital distribution is becoming more important, and ringtones have become a significant portion of the business,’ said Ken Abdo, a Minneapolis entertainment attorney who represents artists such as Jonny Lang, Anna Nalick and Johnny Rivers. ‘These are valuable assets of the record companies.’”

With such extreme demand, the pressure on ring tone prices is slated to go much higher. Record companies are looking to squeeze many more pennies out of this market segment. Consumers already spend over $4 billion on ring tones – and this is only a small portion of the cell phone industry. As ring tones become easier to use, services more pervasive, and phones easier to manage ring tones are going to blow up.

The reality is that this phenomena is great for the music industry and for consumers. The industry is seeking to make up for lost record revenue and consumers love the personality statement. In the great supply and demand tug-of-war the industry seems to be winning. Get your ring tones cheap and free while you can.

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L'Quan Johnson is an avid ring tone industry follower. He consults with Top 25 Ringtones (http://www.top25ringtones.com) analyzes consumer satisfaction within the industry and offers free deals.
Article Tags: industry [See Dictionary], ring [See Dictionary], tones [See Dictionary]
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Article published on January 29, 2008 at Isnare.com
 
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