Well, news flash: If we keep making $0.000001, we're not gonna be able to afford to keep making records. So there is a value there and we're going to keep pushing to make sure that value is appreciated by everyone."On the terrestrial radio front, Big Machine became the first label group to sign a strategic alliance with Clear Channel that allowed the company to share in the revenues from promoting its artists like Taylor Swift, Tim McGraw and Rascal Flatts across Clear Channel's 850 stations as well as its digital properties. Earlier this month, Warner Music Group became the first major to join the fold, which Borchetta described as "the biggest ripple in the pond."
Since inking the deal with Clear Channel, Big Machine has entered into similar agreements with Beasley Broadcasting, Greater Media and Entercom, accounting for four of the six major radio conglomerates. That leaves only Cumulus and CBS Radio -- a fact not lost on Borchetta, who said to the camera, "Come on Leslie [Moonves], come on Lew and John."Also keeping Big Machine busy Vertical washer for sale
is a publishing joint venture the company started earlier this year with Dr. Luke's Prescription Songs. Borchetta reports that he has not only signed "a couple great writers in the program," but he and Luke are also "working on a couple TV property ideas -- so nothing I can reveal."
He hoped to have news by IHeartRadio 2014, by which point one of the names mentioned as part of that TV strategy just might be Judy McGrath. The longtime MTV vet joined Sony earlier this year to form her own production unit, Astronauts Wanted: No Experience Necessary and is a "big pal" of Borchetta's,Vertical Washing Machine for sale
too. "You know, when she was at MTV, she helped me break Taylor Swift. She's a fantastic mind. I always welcome the time to spend time with Judy McGrath."