Clear Channel paying royalties to artists
June 6, 2012
For as long as there's been radio, there's been disputes over the royalties involved in broadcasting music.
Yesterday a new wrinkle was added to that complex history.
Clear Channel Communications and Big Machine, a record label whose artists include Taylor Swift and Tim McGraw, have reached an agreement that will, for the first time in U.S. history, offer performance royalties for songs played over traditional radio.
That means that artists will receive compensation when their songs are played. Federal law has only required that songwriters and publishers be paid royalties in the past.
Already there's speculation over whether other record labels and radio owners will move to such a system, which is seen as a boon for online radio.
Clear Channel, which has pushed its web radio app iHeartRadio hard the past year, will pay lower rates for streaming songs online.
Major online radio player Pandora, which must pay royalties for every track it plays under a system that's slightly different from terrestrial radio, has long complained that it cannot turn a profit because so much of its money goes toward playing royalties.
Fox jumps to No. 2 with ‘Rocky Horror Picture Show’
Third debate improves to nearly 69 million viewers
Blame Millennials for the real estate advertising decline
Rachel, how do I shut my boss up about politics?
Tell us, what is the future of digital radio?
It’s here: Media Life’s new sports newsletter
Weekend TV: The zombies lurch back on the air
Cable overnights: Shows slip against dominant debates
Gobble, gobble: AT&T is eyeing Time Warner
Final debate dominates Wednesday night on social
Fun distraction on debate night: Halloween cartoons
Mixed ratings for postseason baseball
Fall’s biggest TV story: The NFL ratings free fall
- David Patton becomes global president at Y&R
- J.P. Hannan becomes CFO at Social Reality
- Princell Hair becomes SVP and GM at CSN New England
- Cyril Vanier becomes an anchor at CNN International
- John Poliquin becomes a director at Derby
This week’s broadcast ratings
This week’s cable ratings
This week’s top-rated movies, songs and books
This month’s digital traffic data: August 2016
This week’s daypart ratings
This month’s new media traffic data
Search and analytics manager job in Columbus
Stamford agency needs a mass media manager
Media traffic specialist position in Stamford
Wanted: Cross channel media reporting analyst
Media research analyst opening in Stamford