Vringo, a company that offers an application that can take video, images, and slideshows and turn those into a personalized ringtone experience, announced that it has signed an agreement with Turkish mobile carrier Avea, to bring the company's video ringtone service to Turkey. The deal puts in place the first carrier-led video ringtone subscription model in the world.
Vringo plans to launch its service on Avea with a 60-day free trial, followed by a monthly subscription fee. For added revenue, the company will also sell pay-per-clip video ringtones for those who aren't satisfied with the company's library of free videos.
"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 of Vringo.
The company's foray into Turkey is just the first step in what it hopes will be a worldwide carrier-driven video ringtone market. Before its deal with Avea, Vringo was operating independently from carriers, but now that it has finally inked a carrier-driven model, it hopes to expand those deals around the world.