Clear Channel and BBR Music Group Imprints Broken Bow And Stoney Creek Records Announce Revenue-Sharing Agreement

Clear Channel and BBR Music Group Imprints Broken Bow And Stoney Creek Records Announce Revenue-Sharing Agreement
 
BBR Music Group Artists Including Country Superstar Jason Aldean, Dustin Lynch, Randy Houser and Thompson Square to Share in Revenue Across Clear Channel’s Broadcast Radio Stations and iHeartRadio Digital Platform
 
NASHVILLE, TN and NEW YORK, NY – MARCH 26, 2014 – Clear Channel Media and Entertainment, the leading media company in America with a greater reach in the U.S. than any other radio or television outlet and BBR Music Group, an independent country music label, today announced an agreement that will enable its imprints Broken Bow Records and Stoney Creek Records and its artists to share in revenue across Clear Channel’s broadcast radio and iHeartRadio streaming stations.  
 
Broken Bow Records’ roster of artists includes ACM nominee and reigning “Male Vocalist of the Year” Jason Aldean, who recently scored his 13th career chart-topping off his current album NIGHT TRAIN, which earned PLATINUM certification in only four weeks after release. Aldean has sold over 8.5 million albums to date and the Macon, Ga. native will kick off his headlining 2014 BURN IT DOWN TOUR on May 1 and the tour includes stops at five Major League baseball stadiums. Aldean has already sold out several of the upcoming stadium dates, two nights at the iconic Red Rocks Amphitheatre and just rolled out a three-night run in Atlanta.

The BBR Music Group is also home to some of the most promising young artists in country music, including:
Randy Houser took Country Radio by storm with the 2013 release of his Stoney     Creek Records album How Country Feels.  Scoring Platinum certifications and back-to-back No. 1 hits with the title track and “Runnin’ Outta Moonlight,” Houser earned the American Country Award for Most Played Radio Track: Male (“How Country Feels”) and is gaining momentum in the Top 5 with current single, which he co-wrote, “Goodnight Kiss.”
Celebrated by Rolling Stone editors as “THE New Hat in Town” in the magazine’s 2013 “Best of Rock” issue, Dustin Lynch will release, “Where It’s At,” the lead single from his upcoming sophomore album to Country Radio on March 31st.  Since his debut single “Cowboys and Angels” became a modern Country classic, Lynch has scored a #1 album, sold over 1 million singles and surpassed 10 million views on YouTube/ VEVO.
“Band of Brothers” Parmalee, named for the band’s hometown in North Carolina, recently dominated the country radio charts with the two-week #1, GOLD-selling single “Carolina.” Parmalee’s Top 40 debut country radio single, “Musta Had A Good Time” was voted #1 by fans for four consecutive weeks on SiriusXM The Highway¹s “Hot 30 LIVE" and new single “Close Your Eyes” is quickly rising up the charts.  Each song appears on Parmalee’s debut country album, FEELS LIKE CAROLINA, in stores now.  
Reigning 2x ACM and 2012 CMA “Vocal Duo of the Year” Thompson Square has earned two #1 smash singles, six Top 20 hits, seven mainstream awards and over 25 nominations (including 2 GRAMMY as well as American Music Award and Teen Choice Award nods). Thompson Square’s current single, “Everything I Shouldn’t Be Thinking About” is the second consecutive smash off the duo’s new album JUST FEELS GOOD.
“Radio plays a powerful – and unique – role in breaking country artists. Clear Channel's commitment to being a leader in exposing fans to the best new music is undeniable. They have taken a very proactive role in growing the format, while strengthening the health of both the Radio and Records industries,” said BBR Music Group EVP Jon Loba. “Forming closer ties with a partner who wants to 'grow the pie' for all parties involved, while ensuring that country fans can access our music on multiple platforms was a logical move for us.”

“Broken Bow Records deserves its reputation for discovering, cultivating and marketing some of the most exciting new artists in country music,” said Clear Channel CEO Bob Pittman.  “Clear Channel is delighted to have the BBR Music Group and its artists as partners as we continue to build a sustainable digital music industry that benefits everyone involved – artists, fans, record labels, and broadcasters.”
 
Clear Channel’s partnership with Broken Bow Records follows the company’s landmark revenue-sharing agreement with Warner Music Group – the first wide-ranging strategic alliance between a major music company and Clear Channel.
 
Clear Channel has also reached similar market-based agreements with independent music companies including  Big Machine Label Group, Glassnote Entertainment Group, eOne, Dualtone, DashGo, Black River Entertainment, rpm Entertainment, Robbins Entertainment, Naxos, Wind-up Records, Fearless Records, Zojak World Wide and Suburban Noize Records, as well as recording artists Fleetwood Mac.

About BBR Music Group
Founded by President/ CEO Benny Brown in 1997, the BBR Music Group has grown from a fledgling independent label into the largest independent Country label group in the United States whose umbrella now includes Broken Bow Records, Stoney Creek Records, RED BOW Records, BBR Management and publishing company Magic Mustang Music.  With a roster of talented artists that includes multi-platinum superstar Jason Aldean, #1 chart-topper Dustin Lynch, American Idol’s Kristy Lee Cook, James Wesley and newcomer Jackie Lee, BROKEN BOW RECORDS continues to make a name for itself in the Country music industry.  Founded in March 2009 as a continuation of the passion and determination that spawned the success of Broken Bow, STONEY CREEK RECORDS boasts a roster which includes 2x ACM and 2012 CMA “Vocal Duo of the Year” and GRAMMY nominees Thompson Square; ACM and CMA nominee Randy Houser as well as #1 chart-toppers Parmalee and newcomer Lindsay Ell.  RED BOW RECORDS, in partnership with the country’s largest independent distributor RED Distribution, a Division of Sony, was founded in October 2012 and boasts an artist roster of 4x GRAMMY nominee and CMA and ACM award winner Joe Nichols and hot Country newcomers David Fanning and Chase Bryant.  The BBR Music Group is headquartered in Nashville, TN and is distributed by Sony RED. http://www.bbrmusicgroup.com

About iHeartMedia, Inc.

iHeartMedia (NASDAQ: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups.

With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company’s live and virtual events business. It also includes Premiere Networks, the industry’s largest Networks business, with its Total Traffic and Weather Network (TTWN); and BIN: Black Information Network, the first and only 24/7 national and local all news audio service for the Black community. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio suite of data targeting and attribution products using data from its massive consumer base.

The iHeartMedia Digital Audio Group includes the company’s fast-growing podcasting business -- iHeartMedia is the number one podcast publisher in downloads, unique listeners, revenue and earnings -- as well as its industry-leading iHeartRadio digital service, available across more than 500 platforms and 2,000 devices; the company’s digital sites, newsletters, digital services and programs; its digital advertising technology companies; and its audio industry-leading social media footprint.

The company’s Audio & Media Services reportable segment includes Katz Media Group, the nation’s largest media representation company, and RCS, the world's leading provider of broadcast and webcast software.

Visit iHeartMedia.com for more company information.