Wednesday, June 12, 2013 - 1:50pm
Clear Channel has struck yet another "on-air revenue share in exchange for decreased streaming royalty deal" with a sound recording rights holder, but this time, it isn't a music label group. It's Fleetwood Mac. The band.
CCM&E announced today its agreement with legendary recording artists Fleetwood Mac that will pay the band when Clear Channel radio stations play sound recordings owned by the band. In exchange, Clear Channel will nearly certainly enjoy a significant discount on its online royalty obligation.
The press release doesn't explicitly say, but it's likely that this deal applies only to the music on the band's new EP, "Extended Play." The band's other recordings, including legendary albums like "Rumours," "Tusk," and the self-titled 1975 album on which members Lindsey Buckingham and Stevie Nicks made their debut with the band, are likely still the property of the record labels for which they were recorded.
The new EP features the first recording of new Fleetwood Mac music in over a decade. Note that it was released by LMJS Productions (for Lindsey, Mick, John, Stevie).
The independent labels who have similar agreements with Clear Channel include Big Machine Label Group, Glassnote Entertainment Group, eOne, DashGo, Robbins Entertainment, Naxos, rpm Entertainment, Wind-up Records, Fearless Records, Zojak Records and Dualtone Records.