Scott Borchetta: New Revenue-Sharing Deal Coming Soon
October 10, 2014 at 12:52 PM (PT)
In an exclusive ALL ACCESS Power Player Interview, BIG MACHINE LABEL GROUP Pres./CEO SCOTT BORCHETTA expressed satisfaction at the revenue sharing deals BMLG has instituted with a variety of radio groups -- and noted that another major player will soon be coming into the fold.
"The deals have lived up to expectations," he said. "Everybody now is focused on the new digital rates ... and it's a challenge, but there won't be that much time between what's going on now and the moment we all realize that it's all broadcasting -- be it terrestrial or digital -- and every spin in the digital and terrestrial space is going to have a value ... and hopefully an equal value. Digital is getting more powerful every day. We have a vision of the future and want to create a pathway that's beneficial for everyone - and a little over two years in, we think it's working great. And we're on the eve of announcing another major broadcasting company that will be joining the platform. It's just a matter of time before everybody gets it."
Read the entire interview here.