CCM+E And eOne Agree To Share Digital And Broadcast Radio Revenue With Artists
March 6, 2013 at 6:10 AM (PT)
CLEAR CHANNEL MEDIA + ENTERTAINMENT and ENTERTAINMENT ONE (eONE) have entered into an agreement to share revenue from digital and terrestrial radio. eONE MUSIC's music library boasts more than 45,000 tracks from artists including DJ DRAMA, FAITH EVANS, POP EVIL, JAKE MILLER, BLACK LABEL SOCIETY, JOE BUDDEN and many others.
"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," said eONE COO MICHAEL KOCH. "This agreement is great for us and for CLEAR CHANNEL, but ultimately the fans and artists benefit most."
"Innovative partnerships like this support a robust and sustainable model for our industry, where artists, fans, labels, distributors, radio and fans all prosper," said CLEAR CHANNEL CEO BOB PITTMAN. "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's agreement with eONE follows several recent, similar agreements, including BIG MACHINE LABEL GROUP, GLASSNOTE ENTERTAINMENT GROUP, DASHGO, RPM ENTERTAINMENT, ROBBINS ENTERTAINMENT and NAXOS.