Clear Channel has struck another rdeal with an independent record label: Innovative Leisure, home to Nick Waterhouse and others, will "share in revenues from AM/FM airplay as well as online streaming
via iHeartRadio," writes Reggie Ugwu. "The deal essentially grants the label a sound recording performance royalty for both terrestrial and digital radio, a privilege only recently enjoyed by record
labels in the U.S."
Read the whole story at Billboard »
