Media Decoder Blog: Clear Channel and Taylor Swift's Label Agree to Reinvent Royalty System

(LOS ANGELES) — Radio station giant Clear Channel has signed a deal with Warner Music Group that will for the first time give a major recording company and its artists a cut of revenue generated from traditional radio station airplay. The deal is similar to one Clear Channel cut with Taylor Swift and her Big Machine Label Group last year, and bypasses the regulatory environment in the U.S., where traditional radio stations aren’t required to pay performers royalties for airplay. It has long been assumed performers benefit from the radio exposure in the form of sales.

Rocco Pendola submits:The folks behind Clear Channel's (CCMO.PK) iHeart Radio keep sending out Tweets directing followers to a Facebook announcement that has Pandora (P)-like playlist

Taylor Swift's record label has cut a groundbreaking deal with radio giant Clear Channel that pays the singer and other artists more money now and paves the way for the growth of online radio.

LOS ANGELES (AP) -- Taylor Swift's record label has cut a groundbreaking deal with radio giant Clear Channel that pays the singer and other artists more money now and paves the way for the growth of online radio....

It seems like everyone in America has been talking about Taylor Swift since her new album "1989" dropped two weeks ago, and now she's landed on two prominent covers.

Clear Channel Communications, the largest radio station operator in the United States, dismissed dozens of local D.J.'s this week, saying the cuts were part of a reorganization of its roughly 600 regional radio stations.