Entercom Signs Another Music Royalty, OTA Revenue Deal
During the recent House Judiciary Subcommittee hearings on streaming music performance royalties, several lawmakers suggested that rather than waiting for Congress to reorganize the streaming fee contracts, that radio groups and labels work out their own deals.
Some groups, like Clear Channel and Entercom, have begun doing that. Earlier this year, both radio groups signed deals with Big Machine Label Group in which they agreed to pay an on-air performance royalty in exchange for more favorable streaming royalties.
Now Entercom has another such deal with independent record company Glassnote Entertainment Group. Glassnote reps groups like Mumford & Sons,which just received six Grammy nominations.
Entercom President/CEO David Field says the agreement between Glassnote and Entercom “represents another important step forward to establishing a new business model that aligns the interests of artists, labels, radio and listeners.”
Both companies “share our vision and philosophy that radio and music should naturally complement each other and work hand in hand,” according to Glassnote Founder/CEO Daniel Glass.