Clear Channel Signs Performance Royalties Deal with Fleetwood Mac
Clear Channel Media & Entertainment has signed the first direct performing rights partnership deal between a radio company and an artist. Clear Channel Media & Entertainment inked a deal with Fleetwood Mac that will enable the group to receive revenue from airplay on Clear Channel’s digital and broadcast radio platforms. The group’s new EP features the first new Fleetwood Mac music since “Say You Will” was released more than a decade ago.
The agreement is the first to be negotiated directly with an artist or group, creating a milestone for Clear Channel and the industry. 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.
“Fleetwood Mac has blown me away from the first time I heard them – they are the perfect group for radio,” said Bob Pittman, CEO of Clear Channel. “Reaching an agreement with them is the clearest sign yet that this kind of revenue-sharing model represents the industry’s future—it is a win-win-win, for artists, fans and the music business. We look forward to helping Fleetwood Mac get their hit songs to their fans on whatever platform or device they want to find them.”
The band, which formed in London in 1967 and is a member of the Rock and Roll Hall of Fame, has released 17 studio albums over its career.
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