Ringtones generated more revenues than music streaming services in the US in 2011

"Technology simply moves faster than consumers, and older formats die hard. Which is why ringtones still accounted for $277.4 million in revenues last year - in the US alone - according to stats just released by the RIAA.  That compares to $241.0 million in revenues from the likes of Spotify, Rdio, Rhapsody, MOG, and ilk, combined."

Source:  DigitalMusicNews, 3rd April 2012