News.com writes:
A day after his company bought a controlling stake in ring tone giant Jamba, News Corp.’s president and chief operating officer said the time for partnering with the mobile industry to distribute entertainment content is now.
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Chernin said that today only 4 percent of the 219 million mobile subscribers in the United States watch mobile TV on their handsets. But if that figure increased to 20 percent and each viewer spent just $10 per month on mobile video, mobile TV would generate nearly $5 billion in revenue.
