Soundbuzz, a privately-held company is headquartered in
Motorola intends to further extend and develop its MOTOMUSIC
service
With 1 billion music-capable mobile phones to be sold until 2010, the mobile music market is a potential gold mine for every company involved in the market. Every major carrier and mobile phone maker is involved in selling music or ringtones to its customers.
In a report released last year the research company Portio Research said the increased consumption of digital music on mobile phones will boost the global music market, with worldwide revenues expected to rise from $32.1 billion in 2006 to $38.8 billion in 2011.
Motorola’s move follows after late last year Microsoft announced the acquisition of the the French company Musiwave, a provider of mobile music entertainment services to operators and media companies.