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Microcap & Penny Stocks : INSP Investors Research

INSP 124.41

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Nov 28 9:30 AM EST

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To: Dan Hamilton who wrote (364)	11/1/2001 1:28:29 PM
From: Dan Hamilton	Read Replies (1) of 787

Seems this ring tone business is big... CELL PHONE RING-TONES COULD BE NEXT BATTLEGROUND Selling "ring-tones" has turned into a big business in Europe and Asia, where consumers pay anywhere between $1 and $10 to download a new ring-tone for their phones. The charges show up on the customer's phone bill, and the profit is split between the phone company and the ring-tone company. Nokia estimates it will make billions of dollars selling ring-tones by the end of 2005. A slew of major European ring-tone sellers such as Monstermob are about to test the American market, and it's estimated that by the middle of next year every U.S. carrier will be selling ring-tones. In the European market, companies need just one license from a music publisher to have access to all the songs in that publisher's portfolio, but the U.S. music industry requires ring-tone companies to pay both for mechanical rights (or the right to reproduce the music in a ring-tone) and performance rights (or the right to play the music). ASCAP and the Harry Fox Agency both anticipate lots of licensing activity in the next year with ring-tone sellers. (CNET News.com 1 Nov 2001) news.cnet.com

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