All those MySpace groups who don't end up winning Verizon's "Calling All Bands" contest will still have a wireless carrier-sponsored shot at stardom thanks to a new service called Cingular Mobile Music Studio that will turn their songs into ringtones available for purchase from the band's MySpace page. Any MySpace-accredited artist or band whose songs consist of original material may submit one track to project manager InfoSpace for consideration, and if deemed appropriate, it will be transformed into a 30-second downloadable ringtone. Artists will get 25% of the $2.50 that each 'tone will cost, and receive their cut as a check in the mail every quarter as long as revenues for that period exceed $100. This is the second major partnership between Cingular and MySpace, with the carrier's subscribers already able to receive text alerts when someone leaves a comment on their page, and one of several pushes the social networking site has made into the mobile space.

[Via Seattle Times]