Report: Mobile downloads not enough for record companies

07/22/2008 | MocoNews.net

Record companies should enjoy a fivefold increase in revenues from mobile music downloads by 2012, but more than half of that growth will emanate from ringtones and similar snippets rather than full songs, according to a new report from eMarketer, which predicts revenues will grow from $2.4 billion last year to $13 billion in 2012.

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