ATL own Migos is back with their new single called Hanna Montana. This joint is featured on the group upcoming mixtape which is due out later on this year.
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Clear Channel Media & Entertainment has cut a deal to pay performance royalties to Fleetwood Mac for songs from its recently released “Extend Play” EP that are broadcast on its 850 terrestrial radio stations. According to Clear Channel, it’s the first rights partnership between a radio company and an artist.
“Reaching an agreement with [Fleetwood Mac] 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,” said Clear Channel CEO Bob Pittman in a statement. “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 deal may be the first with an artist but Clear Channel has already cut deals with 11 indie labels: Big Machine Label Group, Glassnote Entertainment Group, eOne, DashGo, Robbins Entertainment, Naxos, rpm Entertainment, Wind-up Records, Fearless Records, Zojak Records and Dualtone Records.
While the U.S. music industry has long sought performance royalties for master rights owners and artists — something which is paid in most other countries — it has never achieved that right in the U.S. The closest the industry has come was in 2010 when at the behest of Congress, record labels and radio station negotiated such a performance right and royalty, but those talks broke down and the legislation wasn’t enacted before the session ended. In 2012, Clear Channel began negotiating such deals, first with Big Machine, in exchange for predictable, reduced rates for its digital radio service, iHeartRadio.
“Fleetwood Mac has consistently pushed the envelope — creating new sounds, making music that seems designed for radio and looking at the industry in new ways,” said Fleetwood Mac representative Azoff Music Management head honcho Irving Azoff, who is also on the Clear Channel board of directors. “It’s fitting that a group that’s played such an integral role in radio and music history would be the first band to take such a major step — helping the music industry create a sustainable digital marketplace so it can thrive for decades to come. We’re delighted to join Clear Channel in creating a new model for the music industry one that will be good for performing artists, good for music fans, and good for the people who have invested their talent, time and money.
“Each new day greets us with no rules except for the rules we place on it. Greet this new day with open arms and endless possibility.”
Roc Nation Records, home to J. Cole, Rita Ora, Jay Electronica and Bridget Kelly, has named Jason Iley as its president. He comes to the newly minted position from his most recent post as president of Mercury Records in the U.K. Iley will be based in New York.
“Jason has a vision that extends beyond the status quo,” says Roc Nation founder/CEO Shawn “Jay-Z” Carter in announcing the appointment. “He’s innovative, has an ear for what’s ‘next’ and sees past mundane, by-the-numbers marketing.”
Named Mercury president in 2005, Iley worked with Elton John, Paul McCartney, Jay-Z, Kanye West, Mariah Carey, Rihanna and Jake Bugg, among others. During his 15-year career with Universal Music U.K., Iley also held senior executive posts at Polydor and Island.
“Jay-Z is not only a great artist but also has the sharpest business mind in entertainment,” states Iley. “And I’m delighted to join [president] Jay Brown, Tyran “Ty Ty” Smith and the rest of the Roc Nation team in the biggest music market in the world.”
The label’s next big release is J. Cole’s sophomore album Born Sinner, which bows on Tuesday (June 18).
In April, Roc Nation entered into a multi-year, worldwide partnership with Universal Music Group. The pact allows the label to operate as a standalone within UMG. Financial terms of the deal, which became effective immediately, were not disclosed.