Clear Channel And Dualtone Music Do A Revenue Deal
June 5, 2013 at 7:10 AM (PT)
CLEAR CHANNEL MEDIA + ENTERTAINMENT and DUALTONE MUSIC GROUP have entered into an agreement that enables DUALTONE and its artists to share revenue from CLEAR CHANNEL's broadcast and digital radio.
DUALTONE is a NASHVILLE-based independent label specializing in roots rock, indie rock and critically acclaimed singer/songwriters. DUALTONE's current artist roster includes THE LUMINEERS, SHOVELS & ROPE, IVAN & ALYOSHA, LITTLE COMETS and GUY CLARK.
"DUALTONE is dedicated to the long-term career development of each artist on our roster, and radio plays an essential role in their success," said Founder/CEO SCOTT ROBINSON. "We will do whatever we can to help ensure a vibrant future for Internet radio as well as recognizing the continuing importance of broadcast radio. This is how our artists can reach as many of their fans as possible -- wherever they are, on whatever device they're using -- and is an invaluable factor in their success."
"DUALTONE has achieved enormous success over the past few years, in large part due to their nurturing approach to emerging artists," said CLEAR CHANNEL CEO BOB PITTMAN. "Their business philosophy is similarly focused on the long term, so they understand that CLEAR CHANNEL is trying to move the digital radio industry towards a more sustainable model for the future and ensure fans get the music they want when and where they want it. We're excited to partner with DUALTONE."
CLEAR CHANNEL's market-based agreement with DUALTONE follows several recent, similar agreements, including BIG MACHINE LABEL GROUP, GLASSNOTE ENTERTAINMENT GROUP, DASHGO, RPM ENTERTAINMENT, ROBBINS ENTERTAINMENT, NAXOS, EONE, WIND-UP and FEARLESS RECORDS.