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Clear Channel and eOne in Rev. Share Deal
3-6-2013
It's another deal similar to what Clear Channel has been announcing with other labels. Clear Channel will share revenue with eOne immediately in return for a favorable arrangement on digital rates eOne charges for artists Clear Channel play on the web. eOne Music produces, distributes, licenses and promotes music across a range of genres including rock, rap, classical and country. The label’s music library has more than 45,000 tracks from artists including DJ Drama, Faith Evans, Jake Miller and Black Label Society.
eOne CEO Michael Koch said, “eOne and Clear Channel both passionately believe that ensuring a thriving and diverse music industry requires creative thinking, and the willingness to knock down barriers. This agreement is great for us and for Clear Channel, but ultimately the fans and artists benefit most.”
Clear Channel CEO Bob Pittman added, “Innovative partnerships like this support a robust and sustainable model for our industry, where artists, fans, labels, distributors, radio and fans all prosper. In eOne, we have found a partner with an extraordinary range of successful music who understands this and the immense value terrestrial and digital radio provide to artists, labels, and the industry at large.”
Clear Channel has announced similar deals with six other record labels, Big Machine Label Group, Glassnote Entertainment Group, DashGo, rpm Entertainment, Robbins Entertainment, and Naxos.
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