After 95 Years, a Royalty Deal for Artists
The largest U.S. radio broadcaster and an independent Nashville record company said Tuesday they have reached a novel agreement that represents a major bet that radio’s future is online rather than over the air.
The deal revamps the way Clear Channel Media & Entertainment calculates the royalties it pays to play music distributed by Big Machine Label Group, the company behind some of the biggest stars in country music, including Taylor Swift, Rascal Flatts and Tim McGraw.
