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CC and Big Machine in rev-sharing deal

AND NOW FOR SOMETHING COMPLETELY DIFFERENT: Clear Channel and Scott Borchetta’s Big Machine are partnering for an unprecedented revenue deal, making Big Machine the first record company to directly participate, along with its artists, in all of CC’s terrestrial radio revenue streams, radio-info.com reports. The partnership expands label and artist participation from just digital to terrestrial broadcast radio revenues—similar to the way songwriters are paid through ASCAP, BMI and SESAC. Said  President National Programming Platforms Tom Poleman in a letter to the industry: “While Big Machine represents a small percentage of the total music we play, this move is historic because it introduces a completely new structural model for our businesses. Why the change? Because it's good for the long-term health of the music and radio industries. For digital radio to grow, it's critical to have a predictable, sustainable pay structure that aligns radio, label and artist interests.” Added Borchetta:” In Clear Channel, I found partners who shared my big-picture view of how we could structure an agreement to benefit all involved. Not only does this partnership enable Big Machine to participate in terrestrial broadcast revenues, but we are helping to grow digital radio.” (6/5a)

STRINGER ON "THE ISSUES AND ACTIONS NEEDED"
Sony Music is all in. (6/1a)
"REAL AND CONSTRUCTIVE CHANGE": SIR LUCIAN SPEAKS OUT
UMG is all in. (6/1a)
RAPINO: SUPPORTING BLACK CULTURE, ANTI-RACISM
Live Nation is all in. (5/30a)
WMG ON COPING WITH THE MOMENT
Warner Music is all in. (6/1a)
ARTISTS MAKE THEIR VOICES HEARD (UPDATE)
The stars are coming out. (6/1a)
TUESDAY
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