According to a report on Wired, there is continued growth on the cellular ringtone front, leading to estimates of over $400M in sales for 2005.

Further, the music industry is expecting to reap between $50M and $70M from ring tones this year.

One piece that I find slightly ironic about this is that ringtones, which sell for between $1 and $2 a piece online and from your telephone service providers, have appeared to grow without significant complaint by the music industry about piracy or the "losing" of money that comes from it.

Perhaps it is the more proprietary nature of the ring tone service. Or maybe it is the fact that ring tone construction is actually a useful service, and therefore worth value to the consumer, as opposed to the purchasing of 12 lousy songs on a 14 song CD....