Digital music: Ringtone sales taking off

Digital Media Wire has a piece reporting global sales of cell phone ringtones have surged by 40% to more than $3.5 billion since last year. The study–from the Arc Group.–says that ringtones are 10% of the global music market, with each downoad ranging in price from “20 cents in South Korea to as much as $2.75 in the U.K. — averaging out to about 60 cents per ringtone.”