The development of Big Machine TV comes just as Nielsen Music's recent 2016 U.S. Year-End Report shows that music video streaming is up 8% year over year, reaching nearly 180 billion streams last year.
"Big Machine has always pushed the envelope, and we found ourselves asking, 'is there a better way' when it comes to syndicating our online content, pushing it onto social media, protecting it and ultimately monetizing it at the highest rate possible to benefit our artists," said BMLG President and CEO Scott Borchetta. "And the answer was 'yes'. The Big Machine TV platform is an incredible tool to better serve our artists and their fans by delivering content when and how we want, all the while making sure the creators are compensated fairly."
Big Machine Label Group has repeatedly been known for making groundbreaking moves among the music industry and in 2016 was named by Fast Company magazine as one of the "Most Innovative Companies" in America. In 2012, in an unprecedented deal, BMLG made history by working with Clear Channel, the largest owner of U.S. radio stations, to secure sound-recording performance royalties to the label and its artists. This became the first time in history that artists would get paid for their recordings on terrestrial radio stations.
More details about the launch will be revealed in the coming weeks.
ABOUT BIG MACHINE LABEL GROUP: Led by Founder, President and CEO Scott Borchetta, the Big Machine Label Group encompasses Big Machine Records, The Valory Music Co., BMLG Records, Dot Records, Nash Icon Records and publishing company Big Machine Music. BMLG artists include superstars Taylor Swift, Tim McGraw, Rascal Flatts, Reba, Florida Georgia Line, Hank Williams Jr., Ronnie Dunn, Steven Tyler, Cheap Trick, Jennifer Nettles and Brantley Gilbert; chart-topping acts Thomas Rhett, Justin Moore, Eli Young Band, Maddie & Tae, A Thousand Horses, Aaron Lewis, The Voice winners Cassadee Pope and Danielle Bradbery; up-and-comers The Cadillac Three, Drake White, Tucker Beathard, Brett Young, Tara Thompson, as well as soundtracks for the hit TV show "NASHVILLE." BMLG artists have received multiple GRAMMY, CMA, ACM, AMA, CMT, Teen Choice, MTV, Billboard, People's Choice and Brit Awards. Visit BigMachineLabelGroup.com for more information.
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SOURCE Big Machine Label Group
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