Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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While the music industry struggles to sell CDs, the ringtone business is booming, funneling $3.5 billion into music industry coffers last year, according to one consultancy. Ringtones may account for 25 percent of music sales by the end of 2006, thanks to millions of consumers paying $3 for 25-second versions of songs. Even more mind-boggling is the disarray this technology has caused, as the many arms of the recording industry struggle to determine how to apply copyright laws to ringtone sales.
September 28, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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