YouTube-like on Mobiles

International Herald Tribune writes:

Phone companies are working furiously to develop systems that will allow social networking or the sharing of material with a layer of human control to filter submissions. “We definitely think there is a long-term business model around it,” said Daniel Winterbottom, a senior analyst with the research firm Informa Telecoms & Media. “Anytime you create a community it’s a way of driving the up-selling of content.”

With the growing popularity of sophisticated telephones, Informa forecasts that globally, operator revenue from such services will rise to more than $13 billion by 2011 from $3.45 billion this year. Asia is the most active region, with revenue from “mobile community services” of $1.8 billion this year, followed by Europe at $721 million, according to Informa. Leading the way are companies like Cyworld in South Korea, a creation of SK Telecom that allows cellphone users to share pictures, clips, music, ring tones and games.

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Rajesh Jain

An Entrepreneur based in Mumbai, India.