When Big Machine Label Group and Clear Channel announced a royalty sharing agreement in June, industry observers deemed it groundbreaking. Proof of how that model paved the way comes with the recent news of two similar agreements. Today (9/27) Clear Channel announced a deal with Glassnote Entertainment, and last week BMLG reveal a similar contract with Entercom.
Glassnote is home to Mumford & Sons, Phoenix, Two Door Cinema Club, GIVERS, Childish Gambino, Oberhofer, The Temper Trap, Daughter, Robert DeLong, Little Green Cars and Flight Facilities.
These deals are designed to drive digital radio growth because the labels and artists will share in a smaller percentage of digital revenue than in the past. In exchange, they will share in broadcast revenue for the first time in history.
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About the AuthorSarah Skates is Sr. News Editor of MusicRow Enterprises. Now in her eighth year with the company, she contributes to musicrow.com and the print magazine. She welcomes your feedback to firstname.lastname@example.org. Please send press releases, photos, and news items to email@example.com.
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