Clear Channel and Robbins Entertainment Announce Agreement Enabling Artists to Share inBroadcast and Digital Revenues
Clear Channel's Latest Partnership Helps Further Develop A New Business Model for the Digital Music Industry
NEW YORK--(BUSINESS WIRE)-- Clear Channel Media and Entertainment, the leading media company in America with a greater reach than any other radio or television outlet, and Robbins Entertainment, a major indie dance/pop music label, announced an agreement that enables Robbins Entertainment's artists to share in all of Clear Channel's radio revenues, a key approach to building a sustainable Internet radio industry.
Robbins Entertainment was founded in 1996 by veteran record executive Cory Robbins. A pioneer in dance music, the company has guided the genre into the 21st century, from Afrojack's "Take Over Control" and D.H.T.'s "Listen to Your Heart" to Cascada's "Everytime We Touch" and DJ Sammy's "Heaven." Prior to founding Robbins Entertainment, Cory Robbins was president and co-founder of Profile Records, the seminal hip-hop label that signed Run-D.M.C., Rob Base and DJ EZ Rock, and DJ Quik.
"I've always said that the music industry needs to figure out a way to give listeners what they want," said Cory Robbins. "Clear Channel has always believed in playing the best music on its stations, regardless of the size of the label or the national picture, and I think Clear Channel's strategy will help Internet radio become a viable business, encouraging its growth and enabling listeners to discover and enjoy our roster of the hottest dance artists. The growth of Internet radio will be a boon for all parties - artists, labels, distributors, and fans."
"Cory Robbins has a rich history of introducing great artists from a variety of genres," said Bob Pittman, CEO of Clear Channel. "He understands what music and dance fans want and he has been a pioneer in delivering it to them, wherever they are, on whichever device suits them best. Cory also understands that the health of our industry depends on all of us working together to produce the music, the products and the services that our customers want. These kinds of market-based agreements satisfy our listeners' love of music, increase artistic opportunity and diversity, and fuel innovation, job creation, and growth in the Internet radio sector."
Clear Channel's agreement with Robbins Entertainment follows several other agreements reached this year, including Big Machine Label Group, Glassnote Entertainment Group, DashGo, rpm Entertainment and Naxos.
About Clear Channel Media and Entertainment
With 239 million monthly listeners in the U.S., Clear Channel Media and Entertainment has the largest reach of any radio or television outlet in America. Clear Channel Media and Entertainment serves 150 cities through 850 owned radio stations.
The company's operations include radio broadcasting, online and mobile services and products, live concerts and events, syndication, music research services, and independent media representation. The company's radio stations and content can be heard on AM/FM stations, HD digital radio channels, SiriusXM Satellite Radio, on the Internet at iHeartRadio.com and on the company's radio station websites, on the iHeartRadio mobile application on iPads and smartphones, and used via navigation systems from TomTom, Garmin and others. Clear Channel Media and Entertainment is a division of CC Media Holdings, Inc. (OTCBB: CCMO), a leading global media and entertainment company. More information on the company can be found at clearchannel.com, clearchanneloutdoor.com and ccmediaholdings.com.
Like us on Facebook at facebook.com/iHeartRadio
Follow us on Twitter at twitter.com/iheartradio
Lisa Levy, 212-675-4321
Wendy Goldberg, 212-549-0965
KEYWORDS: United States North America New York
The article Clear Channel and Robbins Entertainment Announce Agreement Enabling Artists to Share in Broadcast and Digital Revenues originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.