rpm entertainment Enters Revenue Sharing Agreement With Clear Channel
rpm entertainment, headed by Scott Siman, has entered an agreement with Clear Channel Media and Entertainment to share in Clear Channel’s broadcast revenues. Terms of the deal were not disclosed, but similar agreements between broadcasters and labels have included setting streaming radio royalties at a predictable amount. Similar deals have been made by Clear Channel with Big Machine Label Group, Glassnote Entertainment Group, Naxos and DashGo. These agreements are important because they are designed to drive growth and innovation in Internet radio, and because artists aren’t typically paid a broadcast performance royalty for radio airplay.
rpm entertainment, which includes rpme records, rpme music group and rpme management, was launched in May 2012 by Siman. Maggie Rose is rpme’s debut artist signed to the label, management and publishing rosters. rpme music group owns the rights to such hit songs as “It’s Five O’Clock Somewhere” (Alan Jackson), “I’m Movin’ On” (Rascal Flatts) and “Leave the Pieces” (The Wreckers), among others. rpme management also represents Yarn, Humming House, Carolina Story and a rising country group, The Command Sisters.
“Country music has always been a part of my life – it runs in my veins,” said Siman. “While I am immensely proud of my accomplishments so far, the future is what motivates me. This agreement represents where music is going, and I’m excited that rpm entertainment will be pioneering with Clear Channel.”
“Scott Siman knows country music inside and out,” said Bob Pittman, Chief Executive Officer of Clear Channel. “His years of experience and his reputation in the industry make him and his company an ideal choice for this partnership. His focus on emerging country artists makes this business model, which allows new acts to reach bigger, more diverse audiences, even more relevant.”
