Labels Anticipating Strong Mobile Music Sales In UK
Record labels are reportedly quite excited about the boom in mobile music services in the UK—Apple’s iPhone, Vodafone’s MusicStation and Nokia’s Music Store (also on Vodafone (NYSE: VOD) UK). IFPI director of technology Richard Gooch is quoted in the Guardian as saying: “Mobile is obviously extremely important because you have the market reach and secondly, the type of demographics that are very important to the music industry will almost certainly have music-enabled mobile phones.” About half of digital music was sold via mobile in 2006, although obviously there are regional differences in the mix. The UK seems to be going a bit more mobile, though, with Orange saying its music sales jumped 70 percent over the past six months and PriceWaterhouseCoopers expecting the UK mobile music market to almost double from $83 million this year to $156 million in 2011.
Posted In: Entertainment, Music, Companies, Nokia, Vodafone
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