Big Machine, Clear Channel Strike Royalty Deal

Big Machine, Clear Channel Strike Royalty Deal

Big Machine, Clear Channel Strike Royalty Deal
Radio conglomerate Clear Channel has agreed to pay sound recording performance royalties to artists signed to Big Machine Label Group, according to a Billboard.biz report. As part of the deal, Clear Channel will distribute an undisclosed percentage of music advertising revenue to the label for digital and terrestrial broadcasts. Currently, performance royalties are only paid for digital broadcasts. While terms of the agreement were not disclosed, royalty payments will bypass SoundExchange and will be made directly to Big Machine, which will split payments with its artists 50-50. "After years of public pressure and private negotiations, today's acknowledgment by the country's largest radio broadcaster that artists deserve a performance right is a step in the right direction," said Recording Academy President/CEO Neil Portnow. "But until every broadcaster is paying all creators for their work, we will continue our efforts to secure an industry-wide legislative solution. Congress has shown a sincere interest in solving this problem, and with Clear Channel's recognition of the terrestrial performance right, continued opposition by the NAB will now ring hollow on Capitol Hill." (6/5)

Microsoft Unveils Xbox Music
Microsoft has unveiled new online media services for its Xbox 360 game console, including a music service, Xbox Music. The service will provide users access to 30 million tracks available on Xbox 360, Windows 8, and Windows smart phones and tablets. While details on when Xbox Music is expected to launch were not revealed, the service will replace Microsoft's current music service Zune. (6/5)

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