Music Business Journal: The Peddling of Recording Rights
Recent negotiations between Clear Channel Communications and Warner Music Group have sent shockwaves throughout the recording industry. For the first time on a major scale, the broadcast giant will pay performance royalties to recording artists for plays on terrestrial radio. Considering the defeated state of record sales, many hail the deal as a harbinger of equality for rights holders. Though, a revenue sharing arrangement between two industry powerhouses may shackle a steadily growing market for independent music.
Read the full Music Business Journal article here.
You can check out more Music Business Journal articles at thembj.org.