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Friday, September 23, 2016

Music Labels Like What They Hear From iHR


iHeartRadio has reached license agreements with Warner Music Group, Sony Music Group and Universal Music Group, and in addition has signed agreements with independent record labels and distributors including The Orchard, Entertainment One, INgrooves, DashGo, Naxos and CD Baby.

“Universal Music Group is pleased to welcome a new addition to the growing and dynamic music subscription space with iHeart’s launch of interactive services,” said Sir Lucian Grainge, Chairman and CEO of Universal Music Group. “We’re glad to build upon our relationship with iHeart, which under Bob’s leadership continues to innovate the radio experience by adding distinct features and services and attract a broad audience that remains deeply passionate about music.”

“I’d like to congratulate Bob Pittman and the team at iHeartRadio on their move into the subscription music business,” said Doug Morris, CEO of Sony Music Entertainment. “This deal further expands our long-running successful relationship, and creates promising new commercial opportunities to engage with the millions of music fans who listen to iHeart every day. We look forward to working with them to develop premium music solutions for radio users.”

“We’re pleased to be expanding our long-standing partnership with Bob and his team,” said Steve Cooper, CEO of Warner Music Group. “iHeart’s expertise and reach in radio programming and curation, combined with the full power of streaming technology, is a compelling prospect. These new services will open up the choice of experiences that iHeart offers music fans, while providing our artists and songwriters with a wider range of commercial and marketing opportunities.”

"iHeartRadio's vast audience of digital radio listeners will now see the world of possibilities offered in a subscription service," says Brad Navin, CEO of The Orchard. "We are excited to see what this opportunity will bring, both for our clients and for the industry as a whole."

“We are excited to extend our relationship with iHeartMedia from on-air radio to their upcoming music subscription services,” said Bob Roback, CEO of independent music distributor INgrooves. “This is another fantastic opportunity to expand support for our vibrant and global music marketplace and give fans access to great music."

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