A new agreement by Clear Channel and Warner Music Group will make WMG the first major label to receive performance royalties for U.S. broadcast radio airplay. Announced the same week that Rep. Mel Watt, D-N.C., reiterated his plan to introduce legislation that would establish a performance right for labels, the groundbreaking arrangement covers not just royalties but also numerous promotional opportunities.

WMG CEO Stephen Cooper said in a memo to employees that the deal is nonexclusive and Warner "will be discussing doing similar deals" with other broadcasters.

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