The rise in user interaction with mobile devices bodes well for the music business, VC firm says.

A new presentation by longtime Internet business guru Mary Meeker concludes that the U.S. consumer's infatuation with smartphones will continue to have major implications for the music biz. According to Meeker's analysis, music ranks as the fourth-most-important smartphone function, with an average of 13 daily play sessions leading to nearly 10% of total interactions. And those figures are expected to grow dramatically.

Subscribe to billboard biz to continue reading this article and thousands more. subscribers get:
  • 24/7 coverage of every genre and sector of the business with over 150 exclusive charts
  • Bulletin: Breaking stories, chart info and analysis sent directly to your inbox every weekday
  • Billboard Magazine iPad Edition: An enhanced version of the magazine with video, photo galleries and playable charts
  • Archives: A rich history of articles and exclusive charts

Join now or Log In