This bodes well for the deluge of businesses I’m looking at as part of the Creative Business Accelerator we’re running with the London Business Angels.
Ringtone Madness Continues – Ribit
Whenever a wild content venture is floated, the promoter will often conclude by saying – “People looked down their nose at the ringtone market and there’s huge money there.” Indeed there is, with news this week that one ringtone – The Crazy Frog owned by Jamster – has climbed the UK charts to number one. We heard on the radio, and cannot confirm with online news sources, that Jamster has already made $40M in royalties off the Crazy Frog.
Filed under: Venture Capital
