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.

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