|By Business Wire||
|December 5, 2012 09:19 AM EST||
Clear Channel Media and Entertainment, which has the largest reach of any radio or television outlet in America, and DashGo, Inc. a digital content distribution and marketing engine for labels, podcasters and Artists, today announced an agreement that will help drive growth and innovation in Internet radio. As part of this new relationship, DashGo will share in Clear Channel’s terrestrial broadcast revenues, aligning the business interests of both companies and helping to build a sustainable market in Internet radio.
DashGo works with independent Artists, labels, and content owners to distribute content across a range of digital music stores, ad-supported services and social networks—including YouTube and iTunes— with integrated analytics tools for tracking results. Clients and partners include Weezer, Rock Mafia, Coconut Records, Delicious Vinyl, and Time Records.
This is Clear Channel’s latest market-based partnership aimed at developing and supporting a sustainable business model for the digital radio industry that will help it grow, attract investment, and encourage entrepreneurs. So far this year, Clear Channel has reached music rights agreements with Big Machine Label Group, Glassnote Entertainment Group, and Naxos.
“DashGo is a digital partner for content creators, and it is crucial that we do everything we can to help Internet radio grow and thrive,” said Ben Patterson, Founder and President of DashGo. “Since 2004, DashGo has focused on creating new revenue streams, distribution channels and promotional opportunities for artists, and Clear Channel’s groundbreaking business model demonstrates they’re on the same page.”
Bob Pittman, Chief Executive Officer of Clear Channel, said: “Ben Patterson’s DashGo is the kind of progressive, forward-thinking company that is a perfect partner for us – they understand where the marketplace is going and what needs to be done to succeed. This agreement will provide greater access to artists across digital channels, and will strengthen the integrated online marketing campaigns that DashGo specializes in. Together, we’ll work to create an environment where artists, labels, and radio benefit … no matter how fans choose to listen to music.”
DashGo is a digital distribution partner representing over 100 Label and Artist partners and approximately 100,000 songs. DashGo was founded in 2007 to offer labels and artists hands-on technology with the backing of professional sales and marketing services.
About Clear Channel Media and Entertainment
With 239 million monthly listeners in the U.S., Clear Channel Media and Entertainment has the largest reach of any radio or television outlet in America. Clear Channel Media and Entertainment serves 150 cities through 850 owned radio stations. The company’s radio stations and content can be heard on AM/FM stations, HD digital radio channels, Sirius/XM satellite, on the Internet at iHeartRadio.com and on the company’s radio station websites, on the iHeartRadio mobile application on iPads and smartphones, and used via navigation systems from TomTom, Garmin and others.
The company’s operations include radio broadcasting, online and mobile services and products, live concerts and events, syndication, music research services and independent media representation. Clear Channel Media and Entertainment is a division of CC Media Holdings, Inc. (OTCBB: CCMO), a leading global media and entertainment company. More information on the company can be found at clearchannel.com, clearchanneloutdoor.com and ccmediaholdings.com.
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