The partnership comes on the heels of the radio giant's agreement with the Big Machine Label Group back in June, which paid Big Machine sound recording performance royalties, as well as a percentage of both digital and terrestrial advertising revenue, which had previously only existed digitally. Clear Channel confirmed to Billboard.biz that the deal with Glassnote followed along those same lines.
"We built Glassnote to be a next-generation music company that embraces change, including evolving technologies," said Glassnote founder/CEO Daniel Glass in a statement. "One of our passions is aggressively finding new and innovative ways to make our artists' music and information more available than ever to their fans. It is no secret of our respect and love for radio. This partnership aligns our business interests more closely with Clear Channel, and we're excited about being part of the drive to grow digital radio faster and bring all of its benefits to music fans."
"Not only will this agreement expand [Glass'] label and artists' participation in all of Clear Channel's radio revenues; it also creates a vibrant new digital radio business model that we believe will provide more money for the artists and the labels and more digital choices for the consumer," said Clear Channel CEO Bob Pittman in the press release.