Nashville-based rpm entertainment — a recently launched country music label, management and publishing company — and Clear Channel Media and Entertainment today announced an agreement through which rpm will share in Clear Channel’s broadcast revenues.
The agreement, terms of which were not disclosed, is seen as a chance, the companies said, to align business interests and build a sustainable market in Internet radio. It follows similar agreements between Clear Channel and Big Machine Label Group, Glassnote Entertainment Group, Naxos and DashGo.
Clear Channel bills itself as having the largest reach of any other radio or television outlet in the United States.
Scott Siman, a country music entertainment executive based in Nashville, started rpm entertainment last May. The company includes rpme records, rpme music group and rpme management.
“Country music has always been a part of my life – it runs in my veins,” Siman, who previously served as senior vice president of Sony Music-Nashville, said in a release.