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MetaSwarm Signs Chinese Ringtone Agreement
March 5, 2008 |
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MetaSwarm has signed an exclusive agreement with Beijing InfoSure Technology to market ringtone music titles to be licensed by MetaSwarm.
The agreement grants Beijing InfoSure the right to telemarket the music anywhere in mainland China and the right to distribute ringtones and callback tones on mobile phones, telecommunication value-added services and mobile Internet devices.
Due to the nature of the service, potential revenues are based on how much content MetaSwarm can bring into the distribution channel as well as the number of people who will access the content. MetaSwarm anticipates potential 2008 revenues of US$1.6-2.3 million from these music rights, assuming no expansion of geographic service areas.
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