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Vringo And Avea Partner On Video Ring Tones

Tuesday, October 28, 2008 5:04:00 AM PDT | VentureDeal Staff

New York, New York  --  Ringtone company Vringo announced an agreement with a cell phone mobile operator Avea in Turkey to provide its first video ringtone service.

Vringo and Avea are launching what they called the first "carrier led video ring tone subscription" service. Interested users will receive a 60 day free trial, followed by a nominal monthly subscription fee.

“Analysts estimate that 50 percent of ringtone revenues will come from video ringtones as early as 2010; it’s our mission to make that a reality,” said Jon Medved, CEO, Vringo. “Turkey is an ideal market to begin selling Vringo’s unique service: it’s a country where mobile content, particularly ringtones, is incredibly popular; its digital media industry continues to grow; and our carrier partner Avea has developed a world-class social community of young people that matches up perfectly with our brand.”

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