September 20, 2013 |
LAS VEGAS -- "The Super Bowl of music. " That's how Clear Channel Communications executive Tom Poleman described the iHeartRadio Music Festival that his employer is putting on this weekend in Las Vegas. And judging by the number of A-list acts due to perform Friday and Saturday nights at the MGM Grand Garden Arena, he's not overstating it by much. Radio-staple hit makers such as Justin Timberlake, Katy Perry, Bruno Mars, Keith Urban, Drake, Tim McGraw and Maroon 5 are all slated to appear, along with a handful of British rock legends in Paul McCartney, Elton John and Queen (with lead vocals by Adam Lambert)
September 12, 2013 |
Clear Channel Media & Entertainment and Warner Music Group Corp., the world's third-largest record label, have entered a partnership that will let Warner promote music through the radio giant and take in revenue from terrestrial radio. The companies said Thursday that Warner will share in revenue from all of Clear Channel's platforms, including its 850 traditional radio stations and its Internet music service iHeartRadio . Financial details were not disclosed. Traditional AM and FM radio stations currently are not required to pay performance royalties, and record labels, including Warner, and artists are pushing for the U.S. government to establish a performance right that would allow labels and artists to make money from plays of songs on AM and FM stations.
CALIFORNIA | LOCAL
August 17, 2013 |
Los Angeles officials will consider throwing out all bids submitted for a lucrative media contract at LAX because of conflict of interest allegations involving a former airport commission president whose firm is vying for the work. The possibility of canceling the bids and starting over stems from a formal protest by Clear Channel Airports, which brought the accusations against Alan Rothenberg, a prominent investment banker and chairman of Premier Partnerships. Rothenberg's company has joined JC Decaux Airport Inc. and Time Warner in a bid to handle indoor advertising, sponsorships and other media opportunities to promote Los Angeles International Airport, the nation's third-busiest.
June 12, 2013 |
Clear Channel Media & Entertainment has signed an agreement with the veteran band Fleetwood Mac to share performance royalties from songs played on the radio, the company said Wednesday. The agreement to let the performers collect revenue from plays on Clear Channel's broadcast and digital stations is the first to be negotiated directly with an artist, the company said. “Reaching an agreement with them is the clearest sign yet that this kind of revenue-sharing model represents the industry's future," Bob Pittman, Clear Channel's chief executive officer, said in a statement.
June 11, 2013 |
Sister stations KIIS-FM (102.7) and KBIG-FM (104.3) edged into a tie for first place in radio ratings for May, just a month after KBIG had grabbed sole possession of the top spot for the first time, according to figures released Monday by Arbitron. KBIG, the pop and rock station whose claim is "more variety from the '90s till now," had been No. 1 in April among Los Angeles-Orange County stations, after many months of either tying or lurking just behind top 40 outlet KIIS, the longtime ratings leader.
June 11, 2013 |
As Apple finally enters the on-demand music streaming market, established services are making double- and triple-digit gains in users, according to a study by Nielsen. In the last year, the fastest grower was Clear Channel's iHeartRadio, which more than doubled its users, Nielsen said. Spotify, which launched in the U.S. in 2011, had the second-fastest growth, with a 91% user increase since April 2012. RELATED: Apple aims to show critics it hasn't lost its innovative edge Slacker Radio's user base grew 84%, while Pandora's rose 71%. Clear Channel said in May that iHeartRadio has surpassed 30 million registered users, compared with Pandora's 200 million registered users and 70 million active users.