Fred Jacobs Blogs About The New Relationship Between Radio And Records
June 7, 2012 at 7:11 AM (PT)
JACOBS MEDIA Pres. FRED JACOBS has strong feelings about the consequences of the deal between CCM+E and BIG MACHINE LABEL GROUP that was announced TUESDAY (NET NEWS 6/5). On jacoBLOG, he writes, "The deteriorating relationship between radio and the music industry during the past several years has been a mystery to me. We used to refer to it as symbiotic, but psychotic might be the better term."
"Seldom have there been two major entertainment entities that have needed each other more than radio and, well, records," continues JACOBS. "Yet, the latter has consistently looked at the former as a last-grasp sugar daddy. And of course, the former will do whatever it takes not to shell out another dime to the music business. But the need for cooler -- and smarter heads -- to prevail may have finally overpowered the bizarre intractability of both industries. CLEAR CHANNEL's announcement of a new kind of financial performance deal with BIG MACHINE (TAYLOR SWIFT's label) is groundbreaking, and could be the start of a thaw that re-balances the relationship, while leading to others."
JACOBS notes CLEAR CHANNEL CEO BOB PITTMAN "is sending out an important message to both industries that it's time to get creative, seek out partnerships, and start moving the ball down the field -- faster."
Read the full blog here.