Clear Channel Modifies Indie Radio Play Contract After Beatdown

After media scrutiny of their online agreement for indie artists and labels who want to upload their music to be considered for broadcast and digital downloading, Clear Channel has revised its policy. Clear Channel’s unctuous contract forced artists and labels to waive their right to receive royalties, if they participated in the government’s mandated program. The behemoth’s agreement was completely contrary to the...

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Terra Firma Announces A Quarter Of EMI Shareholders Have Accepted Their Buyout Offer

Terra Firma has announced that over 25% of EMI’s shareholders have accepted the private equity firms buyout offer. Terra Firma also said Friday it had extended again its period for other EMI shareholders to accept its offer, this time until a final deadline of 1pm ET on July 29th. Any offers accepted after that date will lapse. Previous deadlines passed July 19th, July 12th and July 4th. Although well-down on the 90% required...

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