Inside Music MediaJerry Del Colliano

Clear Channel CEO Bob Pittman’s new royalty deal with one of the big three record labels is worse than you think for radio.

He gets a sweet deal and everybody else gets screwed.

Take an honest look at what Pittman is up to.

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1. All that Pittman gets in return for just chump change – so let’s answer the question why did Warner become the first of the big 3 labels to cave.
2. The fatal blow Pittman just delivered to radio stations frantically trying to avoid paying an additional performance tax on the music they play.  You’re now dead.
3. The desperate move Apple is making with iTunes Radio that surely has Steve Jobs turning over in his grave making Apple as out of touch as Clear Channel and Warner.
4. More bad news – Millennials have just changed their music listening habits again!  Here’s how.
5. Everything you need to know about the music industry model of the future over the next 5 to 10 years.

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