Irving Azoff Sees CCM+E/Big Machine Deal As A 'Template' For The Industry
June 6, 2012 at 3:41 AM (PT)
YESTERDAY's announcement of CCM+E's agreement with BIG MACHINE LABEL GROUP that changes how radio pays a label and its artists for music (NET NEWS, 6/5) is already creating reactions around the industry. BLOOMBERG reports, "The revenue-sharing accord may become a template for the music industry, according to artist manager IRVING AZOFF. DON HENLEY and other musicians may enter into similar agreements to get paid for songs played over the air, AZOFF, who manages THE EAGLES' drummer and lead vocalist, said yesterday in an interview."
"We're trying to convince labels to enter into a direct deal because we can't get legislation passed," said AZOFF, who runs LIVE NATION ENTERTAINMENT, and is a Director at CLEAR CHANNEL. "CLEAR CHANNEL is first of these deals."
"Unrealistic rates on the digital side were choking the ability to expand digitally for radio companies," AZOFF added. The rates were also "holding back consumers. We learned from NAPSTER, that's a bad thing."